Cash flow
This query is : Resolved
CA Akshey Kumar
(Querist)
24 July 2009
" Payment Of Preliminary Expenses by a newly formed company"
In Cash flow Statement, where we can adjust this item?
In Cash flow Statement, where we can adjust this item?
Ashish Shah
(Expert)
24 July 2009
The same can be shown as operational cash outflow
Manmohan ACA, CS
(Expert)
24 July 2009
I think it should be financing outlay, since the preliminary expenses is incurred by the company for formation
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