Answer / anudeep

cash flow statement is prepared according to accounting
standard 3.

in cash flow we need to clasify accounting information into
operating activities and invesment activities and financial
activities

before going to prapare first we need to understand what is
the motive of the cash flow statement

cash flow statement can be prepared by using either direct
method or indirect method
but accounting standard 3 recommends only indirect method

but in case of insurance companies as per insurance
companies act,1938 cash flow statement should be prapared
acording to direct method.

for more details see accounting standard 3

Answer / sathish

the following points take to considered for cash flow

1. opening cash and bank balance
2. any capital gains or losses
3. working capital
4. depreciation of assets

if a company has opened its new branch in delhi ,so while preparing Balance sheet for that company we will be preparing depreciation chart. So i want to know whether depreciation chart should be prepared as per IT Act or Companies Act?

2 Answers  

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sir, some body tell me how i treat the abnormal fire loss stock :-our company suffer a fire loss during goods in transit (goods were hold at warehouse and fire occured) now how i account for the loss and what type of ledger should i create and under which group

1 Answers  

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Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?

0 Answers  

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what is difference between bill and invoice

1 Answers  

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Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

0 Answers  

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Why is Income statement prepared?

11 Answers  

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Under which category in the balace sheet will closing stock appear

3 Answers   Banking,

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whether depreciation is fundfolw or cashfolw?

2 Answers  

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treatment of reserve fund in trail balance whether debit or credit.

2 Answers  

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CHEQUE ISSUED TO ABC 20000 & DISSOUNT RECEIVE 2000 THE CHEQUE DISSONORED WHAT ENTERY THIS TRANSACTION

16 Answers   IBM, OPI Global,

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what is the entry for toll gate fee

0 Answers   Finance, MMM,

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what are all the itmes comes in balance sheet

2 Answers  

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