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How will you treat decrease in prepaid expenses in the cash flow from operating activities? - Accounts

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Question

How will you treat decrease in prepaid expenses in the cash flow from operating activities?

Very Short Answer
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Solution

The decrease in expenses paid in advance will be included in the operational profit while calculating cash flow from activities related to operations.

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Chapter 15: Project Work - PROJECT WORK PROBLEMS [Page P-43]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 15 Project Work
PROJECT WORK PROBLEMS | Q 8. | Page P-43
D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 13 Cash Flow Statement
SHORT ANSWER QUESTIONS | Q I. 15. | Page 13.99
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