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P2 C6 CASH FLOW STATEMENT — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C6 CASH FLOW STATEMENT1 Mark
MCQ
Bank overdraft$ .......$
  • ✓
    is current liability but considered as financing activity
  • B
    is current liability but considered as operating activity
  • C
    is current liability but considered as investing activity
  • D
    is not activity of cash flow statement
✓

Answer

Correct option: A.
is current liability but considered as financing activity

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