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Is CA Counsellors useful for CA Final students?
If an entity is providing maintenance services which is not the principal revenue producing activity and receipts for this activity are appearing in statement of financial position as both current and non current deferred income then under which heading cashflows relating to this activity appears in statement of cashflows(indirect method)?operating or investing.We know if deferred income is appearing as current liability we adjust it in working capital changes under operating activities but above mentioned adjustment is creating confusion.
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