Please tell me treatment of Long Term Loans and Advances given / taken. in Cash Flow as per AS-3
Its Urgent ????????????????
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As 3
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It should be reflected in financing activities
Santosh please clarify from whom you are taking loans.
Financing Activities.
Operating Activities if you're the business of Financing.
Sachin Sir, how does the person from whom the loan is being taken/given to matter in a Cash Flow Statement? It may be disclosed separately but wouldn't it still come under the above-mentioned heads?
In case of receipt of loans:
Loan taken from the financial institutions is classified under financing activities.
Loan taken from subsidiaries/ joint ventures/ associates is classified under investing activities.
In case of giving of loans:
Loan given to subsidiaries/ joint ventures/ associates is classified under investing activities.
thanks
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