I had calrification in cash flow statement.
profit on sale of land are transfer to the Capital reserve,Does it affect the cash flow
statement
Thank u
Karthikeyan
the entry is
cash a/c dr
to land
land a/c dr
to capital reserve..
but some texts say
cash a/c dr
to capital reserve
to land...
it s shown under cash flows frm investinf activities with the proceeds value...
which entry u will follow? wat logic u give?
CAclubindia
