Do we record purchase return in projected Cash Flow Statement?
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 05 March 2021
No you cannot record purchase return in Projected cash flow statement
sabyasachi mukherjee
(27849 Points)
Replied 06 March 2021
We adjust but there is no seperate line showing purchase.
Otherwise it will not be correct picture.
Otherwise it will not be correct picture.
Kapadia Pravin
(17264 Points)
Replied 06 March 2021
Purchase return is unexpected and unforseen. Not projectable in advance.
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 06 March 2021
Based on past events, one can create an expectation for anything. So if returns were there in the past, so include it in the calculations.
sabyasachi mukherjee
(27849 Points)
Replied 06 March 2021
Purchase return is set off against purchase.
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