cash flow statement

This query is : Resolved

parvinder singla (Querist)
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02 June 2009 I want to know whether it is mandatory for the Pvt and Public (Listed and unlisted) Companies to prepare cash flow staement?????????

Jagruti (CS)

Jagruti (CS) (Expert)
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02 June 2009 Cash Flow statement is applicable to all companies except Small and Medium Sized Company” (SMC) in which case it is optional

Small and Medium Sized Company” (SMC) means
A company-
(i) whose equity or debt securities are not listed or are not in the process of listing on any stock exchange, whether in
India or outside India;
(ii) which is not a bank, financial institution or an insurance
company;
(iii) whose turnover (excluding other income) does not exceed rupees fifty crore in the immediately preceding accounting year;
(iv) which does not have borrowings (including public deposits) in excess of rupees ten crore at any time during the immediately preceding accounting year; and
(v) which is not a holding or subsidiary company of a company which is not a small and medium-sized company.

Kamal sodhi

Kamal sodhi (Expert)
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02 June 2009 No,it is optional