banner_ad

Cash Flow Statement

506 views 5 replies
User Avatar

student
47 Points Posted on 21 October 2016
Garden Ltd. acquired fixed assets viz. plant and machinery for Rs.20 lakh. During the same year it sold its firniture and fixtures for Rs.5 lakh. Can the company disclose net cash outflow towards purchase of fixed assets in the cash flow statement as per AS-3?
Reply Share Follow
On 21 October 2016 at 08:59 Report
Replies (5)
User Avatar

17 Points Posted on 21 October 2016
You can show gain on sale of asset under investing activities.
Reply
On 21 October 2016 at 13:22
User Avatar

808 Points Posted on 21 October 2016
no both sale of furniture and purchase of plant and machinery has to been shown separately. It is the important point to remember that we can't netting off items
Reply
On 21 October 2016 at 22:19
User Avatar

Chartered Accountant
1693 Points Posted on 24 October 2016

Hello

Agree with Anmal...

3 Reply
On 24 October 2016 at 12:43
User Avatar

Chartered Accountant
46 Points Posted on 24 October 2016

Purchase/sale from Fixed assets need to show in Investment activities. also Depreciation & Profit/loss from Sale of FA need to show under operating activities in adjustments.

Reply
On 24 October 2016 at 13:24
User Avatar

student
47 Points Posted on 24 October 2016
Thank you so much
Reply
On 24 October 2016 at 13:42


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details