Practicing Success
Read the following information to answer.
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From among the following, choose the item which would be mentioned in financing activity also: |
Provision for tax Interest on Debenture Goodwill written off Loss on sale of fixed assets |
Interest on Debenture |
In case of a non-financial enterprise, as per AS-3, it is considered more appropriate that payment of interest and dividends are classified as financing activities whereas receipt of interest and dividends are classified as investing activities. |