Cash flow statement
This query is : Resolved
18 April 2009
are level 2 and level 3 companies exempted from preparing the cash flow statement as part of the accounts?
Since AS-3 is applicable only to level 1 enterprises no?
Since AS-3 is applicable only to level 1 enterprises no?
Manmohan ACA, CS
(Expert)
18 April 2009
Yes
18 April 2009
AS-3 applies to level-1 entities
18 April 2009
but AS3 has been prescribed for all companies by NACAS no?
so does it mean that there is still no need to make the CFS since it is not a level 1 enterprise?
so does it mean that there is still no need to make the CFS since it is not a level 1 enterprise?
21 April 2009
its prescribed but not mandatory
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