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Cash flow statements

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Student
32 Points Posted on 15 November 2013
Should refund of tax be considered while calculating cash flows from operating activities ?
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On 15 November 2013 at 10:57 Report
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Consolidation and IndAS Application
1056 Points Posted on 15 November 2013
Tax refund is adjusted in the Taxes paid.
9 Reply
On 15 November 2013 at 11:42
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Consolidation and IndAS Application
1056 Points Posted on 15 November 2013
taxes paid is a part of operating activities.
9 Reply
On 15 November 2013 at 11:43
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Student
32 Points Posted on 15 November 2013
Thanks for clarifying it sir
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On 15 November 2013 at 11:45
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Student
32 Points Posted on 15 November 2013
While calculating cash flows from operating activity under indirect method only non cash items which are credited in p&l a/c should be deducted from net profit then why should we deduct PROFIT ON SALE OF ASSETS all though there is an inflow of cash
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On 15 November 2013 at 11:53
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Consolidation and IndAS Application
1056 Points Posted on 15 November 2013
Sale of assets is not an operating activity, So it is reduced from P&L in operating activities and treated in Investing activities - cash flow from sale of Fixed assets
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On 15 November 2013 at 15:45
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CA-Final Student
272 Points Posted on 15 November 2013

I agree with Sandeep Garg. This is just a reclassification of Outflow/Inflow from sale of Fixed assets. i.e.reducing(adding ) from Operating activity and showing in the Investing activity

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On 15 November 2013 at 20:05


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