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Cash Flow Statement in case of pvt. ltd. co...Urgent Sir!!!

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(Querist)
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.
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CMA Ramesh Krishnan

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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
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ravi taneja

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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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