Question
While preparing a Cash Flow Statement using the Indirect
method as required under AS 3, which of the following will not be deducted from/added to the Net Profit to arrive at the āCash flow from Operating activitiesā?Solution
Explanation: Gain on sale of inventory is included in the normal course of operations , so it is already part of operating profit. The other items are non-operating and need adjustment.
Which district of Haryana is known as āBowl of Riceā?
Recently on 3rd August, 2022 which country celebrated its independence day?
What is India’s rank in the Travel and Tourism Development Index released by the World Economic Forum?
Who has been conferred with the prestigious āDr Kalam Seva Puraskarā for 2022?
Mangal Pandey belongs to which place of Uttar Pradesh?
What is the estimated poverty line for urban areas according to the SBI report for the year 2022-23?
Himachal Pradesh’s Baljeet Kaur scaled _____ km four times in a season with her guide Mingma Sherpa.
Which state/ ut has launched the app ‘Talaash’ to know the position of children not going to schools?
Which dance form was introduced by Mahapurusha Sankaradeva in the 15th century AD?
When was the East India Company established in India?
