Our home currency is INR and and my company maintaining USD account also and when we recieved dollor from our client directly in usd account then on which rate i should take to enter transation
When we are pay to supplier from after recieving the dollor from usd account then what rate should take to enter the transation
in preparing cash flow statement though indirect method information given receipt of govt grant 12 lakhs depreciation provided 20000 lakhs net increase in working capital 56081 lakhs excluding changes in cash and cash equivalents they do not provide information regarding amortization of such grant now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs now we deduct 7 lakhs from net profit in order to arrive at operating profit what adjustment to be made to working capital changes considering this new adjustment made by me we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 56074 lakhs from operating profit we found to arrive cash flows from operating activities i want to know the reason?
reference of above question ca ipcc old scheme accounting module 1 financial statements of companies chapter cash flow statements star oils limited problem page no. 2.74
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Dear Members,
What is meant by Foreign Exchange Earnings and Outgo?
Does Outgo includes any payment made via online to Foreign Co.
Why we include Current Liabilities In Debt at the Time of Calculating Debt-equity ratio for The Purpose of Buyback and Why current liability is not included in debt-equity in Financial management?!
in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs depreciation provided 20 lakhs
net increase in working capital 1500 lakhs excluding changes in cash and cash equivalents
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me
we have to deduct such 7 lakhs from net increase in working capital 1500 lakhs and we have to deduct working capital increase of 1493 lakhs from operating profit we found to arrive cash flows from operating activities
i want to know the reason?
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and we amortize the grant so received over a period of time
Please help me
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Forex accounting