Cash flow statemets

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2015 1)THE LONG TERM BORROWINGS HAS BEEN CONVERTED INTO SHARE CAPITAL BY PASSING A JOURNAL ENTRY AND HAS ALSO COMPLIED WITH ALL ROC REQUIREMENTS, DOES THIS TRANSACTION EFFECT CASH FLOW STATEMENTS?

2)AS PER COMPANIES ACT 2013,SOME OF THE ASSETS HAS BEEN WRITTEN OFF AND ROUTED THROUGH RESERVE FUND,BY PASSING A JOURNAL ENTRY,DOES THIS EFFECT CASH FLOW STATEMENTS?

Kumar

Kumar (Expert)
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06 November 2015 No both transactions do not involve cash flow and hence not to be presented in cash flow statement.

Kumar

Kumar (Expert)
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06 November 2015 From a preparation perspective also, your cash flow statement will tally without these transactions being presented.

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