Please Help: accountancy
Posted Date : 18-Mar-2012 , 05:17:11 pm | Posted By Gourav soni
what will the treatment case of cash flow when provision for taxation is given and advance tax is also given
Category : Accounts | Answers : 1 | Comments : 1 | Hits : 222
Answers
Answer By: Ashish Karundia
Dear Gaurav,
In cash flow, provision for taxation is to be added back in 'Operating Activities' and advance tax is to be deducted from 'Operating Activities'.
Hope the above suffice.
In cash flow, provision for taxation is to be added back in 'Operating Activities' and advance tax is to be deducted from 'Operating Activities'.
Hope the above suffice.
Comments
Amit
30-Mar-2012 , 11:29:36 pmfriend Ashish Karundia,can we also consider avance tax as prepaid expenses (i mean current asset) ???