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Classify the following activity into operating activities, investing activities, financing activities or cash activities "Cash credit" -

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Question

Classify the following activity into operating activities, investing activities, financing activities or cash activities

"Cash credit"

Options

  • Operating activities

  • Investing activities

  • Financing activities

  • Cash activities

MCQ

Solution

Cash activities

Explanation:

'Cash Activities' refers to short-term, highly liquid investments that are easily convertible into known sums of cash and have a low risk of value fluctuation. As a result, cash equivalents are investments retained for the purpose of meeting short-term cash obligations rather than for investment or other purposes.

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