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Hi,
Anyone can help to to settle this problem?
Why there is no 5% loan note treated in the cash flows statement?
It seems like no any changes of that loan in b/f yr and c/f year.Is it because of no changes in b/f and c/f yr thus no nid to write in my SOCF??coz b/f 2000 – c/f 2000=0??
The reason that we dont include loan notes within cash flow statement is that, Loan notes are equivalent to cash. As such they would not form part of cash flow statement.
Hope it helps.Regards
RajDear Raj,
Thank you very much for your explaination.
But I think Loan note is needed to include in the SOCF coz there is another 8% loan note is include in the SOCF in this question.
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The reason why that 5% loan note was not included in the cashflow statement is beacause there was no movement from prior year therefore no cash movements .Loans form part of the cashflow statement see *8% loan note treatment but if there is no movement we nond include it in the current CFS
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