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Repost from CA INTER DAILY TARGETS ππ₯2026-27
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While preparing cash flow statement an entity other than a financial institution should disclose the dividends received from its investment in shares as
Crown Ltd wants to prepare it's cash flow statement.it sold equipment of book value of βΉ60,000 gain of βΉ8000.The amount to be reported in its cash flow statement under operating activities is
Any changes in the accounting policies which has a material effect should be disclosed.where the amount by which any item in the financial statement is affected by such changes is not ascertainable wholly or in part the fact need not to be indicated
All significant accounting policies adopted in the preparation and presentation of the financial statement should form part of the financial statement
