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Board Question Paper : May 2021 — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : May 20211 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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