As 3 cash flow statement

Accountancy

Calculation of cash flow statement under indirect method,income tax payable op is 2000 and closing is 3000 and in p&l a/c tax paid was 3000 ,which amt to deducted in the calculation in the operating activities

bhagya sundar

CA Inter

★ 0

13-May-23 18:40

407

Answers (2)

Only tax paid should be deducted which result in outflow of cash.

Jitendra Kumar

CA Final

★ 41K+

13-May-23 18:49

Opening 2000 is paid. So that will be the amount in cash flow.

CA Suraj Lakhotia

Admin

16-May-23 15:28