hi
i would like to knw hw to treat the drawings made by the partners of a partner ship firm in the preperation of cash flow and funds flow statements.
thank you
sai krishna ghantasala
SAI KRISHNA GHANTASALA (JOB) (202 Points)
19 August 2009hi
i would like to knw hw to treat the drawings made by the partners of a partner ship firm in the preperation of cash flow and funds flow statements.
thank you
sai krishna ghantasala
CA RAMESH KUMAR AHUJA
(CA, DISA, LLB)
(5452 Points)
Replied 19 August 2009
It should be reflected under the head of 'CASH FLOW FROM FINANCING ACTIVITY' as it the reduction of pertners' capital.
Sreedhar Atchutuni ACA,GradCWA
(Service)
(496 Points)
Replied 19 August 2009
It should be shown under Cash flow from financing activity.
Pradip Srinivasan
(CA Final)
(869 Points)
Replied 20 August 2009
It should b shown under CASH FLOW FROM FINANCING ACTIVITIES
surendra pandey
(student)
(28 Points)
Replied 23 August 2009
just remember that activity<with involvement of cash> relating to finance which reduces\increases firm's capital<finance>,are enterd under the head CASH FLOW FROM FINANCING ACTIVITY.
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