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Cash flow statement
in case of a company being Subsidiary of a foreign holding Company, where Share capital of Rs 1L has not been received in its bank account. The saif unpaid Share capital is shown under the head 'Other Current Assets'. This is its first annual report and I am facing problem in preparing Cash Flow Statement. The increase in 'Other Current Assets' of Rs 1L has been reduced under Increase/ decrease in current assets but I am unable to understand where 1L ( Unpaid share capital) shall be shown in the Cash flow Statement, since no amount has been received in bank account...
Replies (1)
your query relevant to unpaid capital.
unpaid capital is to be subtract from paid up share capital while preparing Balance sheet.
it should not be consider as other current assets.
while preparing cash flow statement -
under financing activity- only received capital is to be disclosed as cash inflow. but amount which is not received should not be reflect in cash flow statement
unpaid capital is to be subtract from paid up share capital while preparing Balance sheet.
it should not be consider as other current assets.
while preparing cash flow statement -
under financing activity- only received capital is to be disclosed as cash inflow. but amount which is not received should not be reflect in cash flow statement
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