Poonawalla fincorp
Poonawalla fincorp

Cash flow

This query is : Resolved 
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(Querist)
24 July 2009 " Payment Of Preliminary Expenses by a newly formed company"
In Cash flow Statement, where we can adjust this item?
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Ashish Shah

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Ashish Shah (Expert)
24 July 2009 The same can be shown as operational cash outflow
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
24 July 2009 I think it should be financing outlay, since the preliminary expenses is incurred by the company for formation
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