1.

Select the appropriate answer from the alternatives given below & rewrite the completed statementCash proceeds from issue of debentures is __________.OptionsFinancial activityNon financial activityOperating activityTrading activity

Answer»

Cash proceeds from issue of debentures is financial activity.

Explanation: Cash proceeds from issue of debentures are classified as financial activity for the business, as it relates to arrangement of funds for the business.



Discussion

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