New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is NOT classified as a financing

    activity under AS 3? 
    A Purchase of machinery Correct Answer Incorrect Answer
    B Repayment of borrowings Correct Answer Incorrect Answer
    C Issuance of shares Correct Answer Incorrect Answer
    D Dividend paid Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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