In which category ‘Rent received ‘ will be classified while preparing the Cash Flow Statement in case of (i) Real Estate Agent and (ii) Non-Real Estate Agent.

Post category:Accountancy
Reading time:1 mins read

SOLUTION

(i) Rent Received will be Operating Activity in case of Real Estate Agent.
(ii) Rent Received will be Investing Activity in case of Non-Real Estate Agent.

Please Share This Share this content

You Might Also Like

Give two circumstances in which sacrificing ratio may be applied.

Why a retiring or heirs of a deceased partner are entitled to a share of goodwill of the firm?

Under which type of activity will you classify ‘Proceeds from sale of investment’ while preparing Cash Flow Statement?

Leave a Reply Cancel reply

Share this content