Question

treatment of general reserve in cashflow​

Answer 1

Answer:

General reserves are the part of Profit and Loss Appropriation Account. The creation of general reserve is non cash item and is created through provision. Therefore, as per clause (b) of Para 20 of IAS 7 - Cash Flow statement, in the cash flow from the operating activities, all provisions and non cash ite...

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Answer 2

general reserves are a part of Profit and Loss appropriation account the creation is generation reserve is non cash item and is created through provision therefore as per clause...

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