cash flow statement

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2015 I want to know the details about Government Grants received for some fixed asset purchase and that amount was deducted from fixed asset purchase cost EX Mr. A purchase fixed at a cost of Rs.1000000 Government Grants 100000 The entry in the book fixed asset value 900000 (1000000-100000) What is the activity involved for Government Grants And what the amount in investment activity

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2015 Investment activity show Rs. 10,00,000 and financing activity show Rs 1,00,000 as Govt grant.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2015 sir but my query is investment activity show 1000000 but in books of accounts Govt Grant deducted from fixed asset value
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2015 Entry is different but in cash flow you have to show receipt of Govt. grant.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2015 thank you sir and next query is bank OD and CC is a cash equivalents or what activity
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2015 It is a financing activity.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2015 duties and taxes is a non operating expenses
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2015 It is an operating expenses.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2015 . how ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 December 2015 Taxes and duties are paid based on the operation of the company.
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