General reserve treatment
This query is : Resolved
Guest
Guest
(Querist)
11 February 2013
Waht is the treatement of decrease in general reserve in comparision of previous year amount in the cash flow statement???????????
12 February 2013
The creation of general reserve is non cash item and is created through provision. Therefore, as per clause (b) of Para 20 of IAS 7 - Cash Flow statement, in the cash flow from the operating activities, all provisions and non cash items are adjusted to the net profit and loss.
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
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
