Please tell
Whether working capital loan is the part of operating activities or Financing Activities
2 Replies
Abhisek Rungta
(PRACTISING CHARTERED ACCOUNTANT)
(234 Points)
Replied 15 February 2013
Operating Activites as Working Capital is a short term fund which is to be renewed every year.
Manikanth
(Chartered Accountant)
(342 Points)
Replied 15 February 2013
Working capital loan comes under Operating activity bcz it purpose is to finance every day operations of the company.It is not used to buy long term assests and investments instead it is used to clear up creditors,wages etc...
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