Preparation of Cash Flow Statement
 |
| Preparation of Cash Flow Statement |
The Cash flow
statement shall be prepared in accordance with Accounting Standard on ‘Cash
Flow Statement – (AS-3)’ issue by the institution of Charted Accountant of
India. AS-3 (Revised in March, 1999) is mandatory in respect of following
enterprise from the accounting period commencing on after 1st April,
2012.
(i) Enterprise whose equity or debt
securities are listed on a recognized stock exchange in India, and enterprise
that are in the process of issuing equity or debt securities that will be
listed on a recognized stock exchange in India as evidence by the board of
director’s resolution in the regard.
(ii) All the commercial, industrial
and business reporting enterprises, whose turnover for the accounting period
exceed Rs.50 Crores.
0 Comments