Ashish Saini (Self Employed at Ashish Saini & Associates) (180 Points)
18 February 2009what treatment we should do if Lawful Compensation has been occured in cr. side of P/L A/C While Preparing Cash Flow Statement.
Any Additional Information Regards this is not available.
CA Gandharv Sharma
(Financial and Taxation consultant)
(514 Points)
Replied 18 February 2009
see, compensation received is an extraordinary event, and is transferred to cr. of p/l then should be come under operating activities, under head cash flow from extraordinary items, stated seperately..
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 18 February 2009
THANKS BOTH OF YOU
Ashish Saini
(Self Employed at Ashish Saini & Associates)
(180 Points)
Replied 19 February 2009
thanks for replying...............
CAclubindia
