Doubt clarification
This query is : Resolved
05 September 2017
what is the effect on working capital position on receiving grant from government?
and we amortize the grant so received over a period of time
and we amortize the grant so received over a period of time
CA Rashmi Gandhi
(Expert)
06 September 2017
Such grant is capitalised on receipt & then amortize over a period of time.
Amol S Joglekar
(Expert)
06 September 2017
what is the purpose of GRANT is very important. Is it earmarked or GENERAL purpose is yet another important consideration.
CA Rashmi Gandhi
(Expert)
06 September 2017
Govt grant to be capitalised & amortised.
07 September 2017
in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs
net increase in working capital 1200 lakhs
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me?
receipt of govt grant 12 lakhs
net increase in working capital 1200 lakhs
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me?
07 September 2017
in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs
net increase in working capital 1200 lakhs
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me?
receipt of govt grant 12 lakhs
net increase in working capital 1200 lakhs
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering this new adjustment made by me?
07 September 2017
in preparing cash flow statement though indirect method information given
receipt of govt grant 12 lakhs
net increase in working capital 1200 lakhs
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering new adjustment made by me?
receipt of govt grant 12 lakhs
net increase in working capital 1200 lakhs
they do not provide information regarding amortization of such grant
now my question is if we modify that there is amortization of such grant[adjustment] 7 lakhs
now we deduct 7 lakhs from net profit in order to arrive at operating profit
what adjustment to be made to working capital changes considering new adjustment made by me?
Amol S Joglekar
(Expert)
07 September 2017
12 lakh......1200 lakh.......what is it?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
