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How will you classify deposits by customers in Axis Bank? - Accounts

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Question

How will you classify deposits by customers in Axis Bank?

Options

  • Cash flow from operating activities

  • Cash flow from investing activities

  • Cash flow from financing activities

  • No cash flow

MCQ
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Solution

Cash flow from operating activities

Explanation:

For a bank, taking deposits from customers is daily business, so it is also an operating activity.

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Chapter 13: Cash Flow Statement - OBJECTIVE TYPE QUESTIONS [Page 13.157]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 13 Cash Flow Statement
OBJECTIVE TYPE QUESTIONS | Q (A) 29. | Page 13.157
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