Calculation of cash flow from operating activities

Q.  For the calculation of cash flow from operating activities, payments and receipts shown in Profit & Loss account are converted into payments and receipts actually in cash by eliminating
- Published on 09 Sep 15

a. Non-cash revenue from the revenue earned
b. Non-cash expenses from expenses incurred
c. Both a and b
d. None of the above

ANSWER: Both a and b

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