Insurance in the cash flow statement comes under operating activities or investing activities?
3 Replies
Belda Ramesh
(35 Points)
Replied 01 February 2020
Insurance premiums paid on goods of entity
then insurance treated under operating activity
then insurance treated under operating activity
ACCOUNTANT
(Student)
(559 Points)
Replied 02 February 2020
What about the insurance premiums paid on behalf of the owner of the entity... Will it come under finance activities sir...
(Guest)
| Originally posted by : ACCOUNTANT | ||
 |
What about the insurance premiums paid on behalf of the owner of the entity... Will it come under finance activities sir... |  |
If the entity type is proprietorship then it is drawings under financing activities.
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