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.

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.

Continue ReadingIn 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.