Cash flow statemets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2015
1)THE LONG TERM BORROWINGS HAS BEEN CONVERTED INTO SHARE CAPITAL BY PASSING A JOURNAL ENTRY AND HAS ALSO COMPLIED WITH ALL ROC REQUIREMENTS, DOES THIS TRANSACTION EFFECT CASH FLOW STATEMENTS?
2)AS PER COMPANIES ACT 2013,SOME OF THE ASSETS HAS BEEN WRITTEN OFF AND ROUTED THROUGH RESERVE FUND,BY PASSING A JOURNAL ENTRY,DOES THIS EFFECT CASH FLOW STATEMENTS?
2)AS PER COMPANIES ACT 2013,SOME OF THE ASSETS HAS BEEN WRITTEN OFF AND ROUTED THROUGH RESERVE FUND,BY PASSING A JOURNAL ENTRY,DOES THIS EFFECT CASH FLOW STATEMENTS?
06 November 2015
No both transactions do not involve cash flow and hence not to be presented in cash flow statement.
06 November 2015
From a preparation perspective also, your cash flow statement will tally without these transactions being presented.
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