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Accountancy
Sir in this question don't given what is the source of interest income or interest expense. But how to you write Interest income in investing activity and Interest expense in financing activity? Video Details ------------- P1 - Advanced Accounting - Without AS AS 3 Cash Flow Statement #26. Illustration 10 - Part 3
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If nothing is given in the question, In general, Interest expense comes under financing activity and interest income comes under Investing activity because interest is payable (expense) only for the borrowed funds and interest is only earned (income) from the investments made.
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