Cash Flow Statement in case of pvt. ltd. co...Urgent Sir!!!
This query is : Resolved
10 September 2010
Dear Experts,
If the turnover is less than 4 lakhs then is it mandatory to prepare Cash Flow Statement.
With regards,
Rajesh.
If the turnover is less than 4 lakhs then is it mandatory to prepare Cash Flow Statement.
With regards,
Rajesh.
CMA Ramesh Krishnan
(Expert)
10 September 2010
It cannot be decide based only turnover, other factors also will be considered, please refer the definition of Level-1 & level-2 industries under Accounting standards
ravi taneja
(Expert)
11 September 2010
AS -3 APPLY ON LEVEL I WHICH INCLUDE LISTED ENTERPRISES, BANKS, FINANCIAL INSTITUTIONS, INSURANCE ENTERPRISES, ALL OTHER ENT WHOSE TURNOVER IS MORE THAN RS. 50CR BUT TURNOVER EXCLUDE OTHER INCOME
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