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Under indirect method of cash flow statement . When there is proceeds from calls in arrears . Do we have to deduct from operating activity because it's income of other head and also show in financing activity as inflow??
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Thread Starter
Kalash OjhaI mean to say proceeds from call in arrears in related to financing activity . That is inflow from financing activity
Yes calls in arrears inflow is financing activity. But no adjustments will be required in operating activity because such inflows are not part of p and l in the first place
Sriram Somayajula Admin
One Will make adjustments where required. In indirect method we start from profit. Are calls in arrears part of profits in p &l?
How are calls in arrears income from other head?
Sriram Somayajula Admin
How are calls in arrears income from other head?
I mean to say proceeds from call in arrears in related to financing activity . That is inflow from financing activity