CERTYNEX IFRS ACADEMY

Ulvio presents an investing outflow of 900,000 and a financing inflow of 900,000 for trucks taken on lease and recognised on the balance sheet. What is the error?

The amounts should have been netted into a nil line.

The outflow should be operating.

Non-cash transaction: no flow to present, only disclosure elsewhere.

There is no error, gross presentation being the rule for investing and financing.