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.
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