hi
i would like to knw hw to treat the drawings made by the partners of a partner ship firm in the preperation of cash flow and funds flow statements.
thank you
sai krishna ghantasala
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cash flow - query
Replies (5)
It should be reflected under the head of 'CASH FLOW FROM FINANCING ACTIVITY' as it the reduction of pertners' capital.
It should be shown under Cash flow from financing activity.
It should b shown under CASH FLOW FROM FINANCING ACTIVITIES
Under Financing Activities
just remember that activity<with involvement of cash> relating to finance which reduces\increases firm's capital<finance>,are enterd under the head CASH FLOW FROM FINANCING ACTIVITY.
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