cash flow statement

This query is : Resolved

Querist : Anonymous

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 December 2015 Investment activity show Rs. 10,00,000 and financing activity show Rs 1,00,000 as Govt grant.

Querist : Anonymous

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 December 2015 Entry is different but in cash flow you have to show receipt of Govt. grant.

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2015 thank you sir and next query is bank OD and CC is a cash equivalents or what activity

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 December 2015 It is a financing activity.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2015 duties and taxes is a non operating expenses

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 December 2015 It is an operating expenses.

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2015 . how ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

09 December 2015 Taxes and duties are paid based on the operation of the company.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Pranab Banerjee

Fredrick Samraj

BALU RAJADURAI

NICKOONJ VANANI

Purav Dholakia

Subscribe Now

cash flow statement

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance

Accountant