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easyMCQCUET Accountancy 2022 8 Aug Shift 22026Accountancy
1 mark

According to AS-3, cash proceeds from issue of share is:

  1. A
    operating activity
  2. B
    financing activity
  3. C
    investing activity
  4. D
    None of the above

Solution & Step-by-step Explanation

Issue of shares changes the size and composition of the owners' capital, and therefore, cash inflows from issuing shares are classified as a financing activity under AS-3.

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According to AS-3, cash proceeds from issue of share is:
A
operating activity
B
financing activity
C
investing activity
D
None of the above

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Financial StatementsCash Flow

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