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 “Cash flow from Operating activities”?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.
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Any change in the name of the person indicated in the Memorandum of One Person Company as a nominee ________________________
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Immovable property does not include:
