Interest Receivable means?

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May 4, 2013 at 4:30 pm #124528
soar
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In question 206 of the F3 exam kit.
It gives the extract:
Interest receivable…………..13,000
And treats this as part of net cash inflow for Investing Activities.
But this is obviously wrong right? Interest Receivable account would mean that the interest has been earned but not yet received so should be ignored for cashflow purposes ..?
May 20, 2013 at 4:58 pm #126340
Sangria9
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You are right, it is interest earned and cash has not yet been received.
Maybe your exam kit means something else..
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