Question
How are the various activities classified (as per AS-3 revised) while preparing cash flow statement?
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Answer
As per the Revised Accounting Standard 3 (AS-3), preparation of Cash Flow Statement for each period is mandatory. AS-3 also specifies the classification of all inflows and outflows basically under the following heads:
- Cash Flow from Operating Activities.
- Cash Flow from Investing Activities.
- Cash Flow from Financing Activities.
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