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- Feb 4, 2015
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I've following Qs/confusion on following three heads; for which it is requested to clarify please.
1- Debtors Days
* Difference between Receivables & Trade Debtors appearing seperately in any business's asset side.
* Are receivables to be accounted in addition to Trade Debtors while calculating Debtors Days/Ratio.
2- Creditors Days
* Whether bank's borrowing are to be accounted in addition to Trade Creditors while calculating Creditors days/ratio.
3- Cash Flow Statement
* Whether changes in bank's borrowing are be accounted under operating activities [Under current liability] or under Investing activities [Under Increase/Decrease in bank's borrowing]
* Treatment of personal drawing amount either under operating or investing cash flows.
* Treatment of Trade creditors amount either under operating [Under current liability]or investing cash flows.
1- Debtors Days
* Difference between Receivables & Trade Debtors appearing seperately in any business's asset side.
* Are receivables to be accounted in addition to Trade Debtors while calculating Debtors Days/Ratio.
2- Creditors Days
* Whether bank's borrowing are to be accounted in addition to Trade Creditors while calculating Creditors days/ratio.
3- Cash Flow Statement
* Whether changes in bank's borrowing are be accounted under operating activities [Under current liability] or under Investing activities [Under Increase/Decrease in bank's borrowing]
* Treatment of personal drawing amount either under operating or investing cash flows.
* Treatment of Trade creditors amount either under operating [Under current liability]or investing cash flows.