When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________. | Faculties

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Vijay Sangwan

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📊 Management Accounting

Q. When a fixed asset is bought as hire purchase, interest element is classified under ______ and loan element is classified under________.

(A) Operating activities, financing activities
(B) Financing activities, investing activities
(C) Investing activities, operating activities
(D) None of the above

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✅ Correct Answer: (B) Financing activities, investing activities

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