Cash flow statement applicability
This query is : Open
02 April 2015
As per AS-3 A Co whose turnover exceeds Rs.50Cr has to prepare Cash Flow Statement.
Now a Company's Gross Turnover is Rs.51Cr but Excluding Service Tax it comes to Rs.49Cr.
Does this Co has to prepare a Cash Flow Statement now??
Now a Company's Gross Turnover is Rs.51Cr but Excluding Service Tax it comes to Rs.49Cr.
Does this Co has to prepare a Cash Flow Statement now??
02 April 2015
gross means without deducting or adding anything so here it is 51 CRORES hence AS 3 applicable and prepare cash flow
02 April 2015
But in AS 3 they have given only as turnover & no mention regd Gross or Net
Pls clarify
Pls clarify
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