As-3
This query is : Resolved
13 May 2015
what is the treatment for Head office balance in cash flow statement of the branch?
We are making cash flow statement of the branch.
according to revise schedule we consider it under reserves n surplus in the balance sheet!!
like:
capital a/c
opening balance
add: additions( head office)
add: net profit during the year of branch
less: drawings(head office)
How can we treat additions n drawings in cash flow statement of branch?
13 May 2015
if additions or withdrawals are from financing activity should be classified as financing activty same way if its operating then operating.
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