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cash flow statement
A company has not received Share Capital Subscripttion amount of Rs 1L in its bank account. This unpaid amount has been shown under the head ' Other Current Asset'. Now while preparing it's Cash Flow Statement for It's first annual report this 1L has been reduced in Cash Flow statement ( increase in CA) but whether this amount shall be shown under Finance Activities as Share Capital Received or not. There is exactly a difference of Rs 1L in my cash flow statement.
Replies (4)
Sorry, didn't get you.. Do you mean to increase/decrease the amount of Profit by 1L.
As per my opinion its consider as 'calls in arrears'
Open this a/c under the head of capital and its not affect the c/f statement
So effect from current asset will be remove and you'll get your c/f statement tally.
Open this a/c under the head of capital and its not affect the c/f statement
So effect from current asset will be remove and you'll get your c/f statement tally.
This should work.
Thank you Surana ji and Patil ji
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