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How you record this transaction in the cash flow statement

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Reference no: EM132960118

Question - Cash and Cash Equivalents - In the previous year, a business associate withdrew 5,00,000 in cash from its current bank account to pay a supplier who accepts payments in cash only. However, due to some personal emergency, the business associate could not meet the supplier for one quarter. As a result, the cash remained with him. How would you record this transaction in the cash flow statement?

Reference no: EM132960118

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