Fund flow statement
This query is : Resolved
20 April 2014
what is the treatment of prepaid expense in fun flow statement. I have read that it is treated as fictitious asset hence it does not taken into consideration while preparing schedule of changes in working capital. but my doubt is that can we take it as current assets sometimes?
20 April 2014
it is a current asset. where did you read that it is a fictitious asset?
21 April 2014
prepaid exp is current assets
the same with outstanding exp. will as current Liability.
the same with outstanding exp. will as current Liability.
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
- RCM on GTA Services
- Conversion of Proprietorship Firm to Partnership Firm
- Audit of F and O T/O
- REVENUE RECOGNITION AS PER IND AS 115
- GST 9- Table 8
- Regarding Appointment of auditor in case of casual vacancy
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- For sale of shares of a private limited company, what is process cost and time for demat of shares
- Mismatch of Sales Invoice in GSTR-1
- Inverted Tax Structure & Unutilized ITC on Services
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
CAclubindia
