Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
Tell us how can you define departmental accounting?
What is the provision? What is the entry for provision?
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
There is no item category assigned to account
what is tax deducted at source
how to finalised the Balance sheet & profit & loss A/C
What is departmental accounting? Give an example
Under the accrual basis of accounting, when revenues are reported in the accounting period?
What does a demo/presentation need to be effective?
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
Explain under what type of account does the unearned revenues fall?
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
Tell me what is your track record for consistently achieving your targets?
What are the different branches of accounting?
