Cash Flow Statement

answered on 28-Sep-22 13:56

Can we present Cash Flow Statement in this manner rather than which is suggested by ICAI? And why they added Interest on Debentures to Cash Inflow from Operating Activities? And can i directly write Profit and Loss A/c value rather than showing in Cash Outflow from operating activities.

latest answer

I interpreted the answer in this way. Instead of adding separate entry for add less i was trying to deduct the value from closing balance.

A B

CA Inter

★ 105

4

497

Purchase

answered on 28-Sep-22 17:05

Here, selling price on units purchased is used to find out the total selling price.Why?usually we use SPÃ?units sold to find total selling price but here different.

latest answer

Thanks a lot

Shankari C

CA Inter

★ 12K+

7

302

Internal Reconstruction

answered on 27-Sep-22 21:48

What is the difference between reconstruction ordered by court & not by court

latest answer

Not by court is nothing but voluntary reconstruction So company on its own thinks to make internal reconstruction But in case of an order by law Tribunal orders the company to make internal reconstruction So basically diff between internal reconstruction and external reconstruction is in case of external reconstruction reconstruction takes place externally that means some sort of mergers, acquisitions, take overs comes under this criteria But in case of interna reconstruction rights of share holders and creditors will be changed nothing but reconstruction takes place internally

sasidhar cheboyina

CA Final

★ 95

2

294

ESOP

answered on 01-Oct-22 00:06

In ESOP,If a question gives the no of employees who left the company on an estimation basis for a year as well as real figures of employees left is given,then which no.of employees(real or estimated) to be considered for the calculation of employee compensation expense?

latest answer

Thank you sir

sarvani musti

CA Inter

★ 5

9

334

As2

answered on 27-Sep-22 11:13

Now, finally we have to consider or not..? That Amortization of intangible assets into inventory cost? Point C

latest answer

It should be taken

Divya K

CA Inter

★ 885

1

251

Banking company

answered on 27-Sep-22 09:17

Can anyone expain me this paragraph

latest answer

Deposit means others deposit with us ,if it is outstanding means out deposits with others which is like advance given by the bank Sane way For eg ,. Net payable ( after adjusting 25000 receivabke from the same person) X rs 970000 Like this they have given Now for presentation purpose Payable -- 970000 +25000= 995000 Receivable --- 25000 That's it

theee k

CA Final

★ 435

1

261

AS16 Burrowing Cost

answered on 27-Sep-22 09:14

Sir A movie company Import camera from foreign at that time custom duty laid weather we have to capitalize those cost

latest answer

yes. You will capitalise it as per AS 10.

Raguram R

CA Inter

★ 0

1

201

Rectification of error

answered on 26-Sep-22 21:40

Please explain fifth entry I can't understand this

latest answer

Most welcome.

Nakul Dixit

CA Final

★ 4K+

7

242

Financial Statements of Company

answered on 28-Sep-22 09:43

Sir as I highlighted the text; directors declared dividend of 8% on Equity Shares Transferring any amount that may be required from General Reserve. Right? But ICAI has not even reduced one single rupee from General Reserve and Profit and Loss A/c. Why so? And their balance sheet is accurately tallied.

latest answer

No worries. If you are able to figure out on own nothing like that. Also do not keep your query private. You will get faster response.

A B

CA Inter

★ 105

9

650

Redemption of preference shares

answered on 26-Sep-22 15:41

Which will happen first in real world. Is it payment to shareholders first or transfer to CRR?

latest answer

The transfer to CRR is a book entry. It will be done on the date on which payable entry is reflected.

Sugam SM

CA Foundation

★ 9K+

1

258