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Cash flow statement - indirect method

Accountancy

For example, if the company X Ltd. Sells and buys the land and property in the ordinary course of business. For that company, do we need to subtract profit on sale of land and property from profit before tax? Or Do we need to add loss on sale of land and property to profit before tax? While preparing cash flow from operating activities


Sai Eswar Kolli

Sai Eswar Kolli

CA Final

28K+

26-Nov-21 13:15

341

Answers (1)

It is inventory in such a case and no adjustment is needed in operating activity


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

26-Nov-21 14:15

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