CA Day celebration 2024 Easy Office
LCI Learning

Query related to cash flow statement

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 November 2011 Can fixed deposits be shown as investing activity in Cash Flow Statement?
Profile Image

Gursimar Singh

Profile Image

Gursimar Singh (Expert)
02 November 2011 No Fixed deposits should come under "cash and cash equilence" as its as liquid as cash.
Profile Image

Mayur

Profile Image

Mayur (Querist)
05 November 2011 Need more clarification
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
16 November 2011 AS 3 Cash Flow Statement defines cash as "Cash comprises cash on hand and demand deposits with banks".

Accordingly fixed deposits are cash for the purpose of AS 3.

They are not even cash equivalents because they are specifically covered in the definition of 'cash'.

Accordingly fixed deposits cannot be shown as investing activities.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links