IND AS 7 - Cash flow Statements

Question 1

An entity shall report

1: Separately major classes of net cash receipts or net cash payments as the case may be arising from investing and financing activities

2: Separately major classes of gross cash receipts and gross cash payments arising from investing and financing activities

3: Collectively major classes of net cash regeipts or net cash payments as the case may be arising from investing and financing activities

4 : Collectively major classes of gross cash receipts and gross cash payments arising from investing and financing activities

Answer 1

Separately major classes of gross cash receipts and gross cash payments arising from investing and financing activities