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How to adjust insurance claim in …

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How to adjust insurance claim in cash flow statement

Posted by Gaurav Singh Gaur 4 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Dwivedi 4 years, 1 month ago

Insurance claim received against loss of stock or profits is extraordinary operating cash inflow. Insurance claim received against loss of fixed assets is extraordinary investing cash inflow. Cash flow for tax payments / refund should be classified as cash flow from operating activities.

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