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AS 3 Cashflow Statement

Accountancy

For a financial institution, would a Loan taken be Financing activity? Would Interest paid on this also be Financing?

Vishnu

CA Inter

★ 22K+

13-May-24 18:01

Answers (2)

Loan taken is a financing activity and interest paid for such loan is operating activity !!

Harshith Pavan Kumar M

CA Inter

★ 5

13-May-24 19:19

Financing.

CA Suraj Lakhotia

Admin

15-May-24 17:15

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