Cash flow statement
meena yadav (90 Points)
19 March 2021
What is the treatment, if expenses of last year paid in current year in cash flow statement.
meena yadav (90 Points)
19 March 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 March 2021
If they were accrued last year into payables, they were already in the Cashflows of last year. Payables go into working capital changes on OCF
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 19 March 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 March 2021
Forgot .....then this year cash flow, the cash and equivalents balance will reduce to get the main cash status after three activities.
meena yadav
(90 Points)
Replied 19 March 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 March 2021
What is the meaning of switching?
Anyways all investments go through CF from Investment activities irrespective of cash or bank because the cash and equivalents holds all payments made and cash received on receipts adjustments.
meena yadav
(90 Points)
Replied 19 March 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 March 2021
Txs for clarity, how ever you like to switch you can do it as long as you recognise your investments in the balance sheet. All non current assets which includes investments fall under investing activities.
Shubham Garg
(18 Points)
Replied 20 March 2021
CAclubindia
