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Funds Flow


Ravindra (Accounts Manager)     06 January 2010

Ravindra
Accounts Manager 
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Dear Sir,

I Would like to know Whether Decreas in debtors/Stock Source or Application of Funds in funds flow statement.

Ravindra Bagal

avater

CA Ashish Bansal (Manager Finance & Accounts)     06 January 2010

CA Ashish Bansal
Manager Finance & Accounts 
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In FFS it will be a sources of funds as debtors is decreasing and we are getting funds

Amir (Learner)     06 January 2010

Amir
Learner 
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 INFOLW OF FUNDS / SOURCES OF FUNDS

DECREASE IN CURRENT ASSETS

INCREASE IN CURRENT LIABILITIES

OUTFLOW OF FUNDS / APPLICATION OF FUNDS

INCREASE IN CURRENT ASSETS

DECREASE IN CURRENT LIABILITIES

avater

ashish gupta ( student)     07 January 2010

ashish gupta
student 
 167 likes  1917 points

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It is Sources of funds

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saurabh divekar (nil)     07 January 2010

saurabh divekar
nil 
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yeah!! its a source of funds..

avater

sivaram (Asst Mgr-Taxation)     07 January 2010

sivaram
Asst Mgr-Taxation 
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agreed as it is a source of fund as we get cash and debtors/stock  decreases

ejaz naiyer (C.A. FINAL)     07 January 2010

ejaz naiyer
C.A. FINAL 
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yeh, it is source of fund

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MUTHUSAMY (CA FINAL & ACS FINAL)     07 January 2010

MUTHUSAMY
CA FINAL & ACS FINAL 
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SOURCE OF FUND 

Ravindra (Accounts Manager)     23 January 2010

Ravindra
Accounts Manager 
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Dear sir,

We are the manufacturing company & service provider company. I would like to know whether can we avail the service tax credit on purchase booking in our book of account. or only after making the payment of the said bii. i.e.if i have a service provided bill in Nov. & I paid the bill in Jan. so whether the bill service tax credit will be available in Nov. or in Jan. pl explain

Ravindra

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Varun.T.K (CA Final, CS Executive)     23 January 2010

Varun.T.K
CA Final CS Executive 
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Source...The logic is simple.....When current asset(In this case) decreases, there must be a corresponding increase in assets or decrease in liabilty. That is when debtors decrease, we should have received cash(Increase in Asset). If debtor is a supplier whose has already dealt with us, his account cr.balance will get decreased(Decrease in Liability).

It means that we have received fund from that transaction, and hence the same is source.


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