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Question
L Ltd. had purchased machinery on deferred payment basis. During the year ended 31-3-2015 the company paid an installment of Rs.4,00,000 which included interest of Rs.4,000. Under which activity or activities payment of installment will be classified while preparing Cash flow Statement.
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Solution
Rs.3,96,000 – Investing Activity
Rs.4,000 – Financing Activity
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