in cash flow statement, for writing off discount on issue of debentures or shares, we add in Operating and subtract in financing. is this correct?

Yes! Discount on issue of shares is a non-operating expense, therefore added in the Operating activities while to record its second effect, we subtract it under the head of Financing Activities.

Hope this answers your query.
Keep posting!!

  • -1
correct
  • 8
right
  • 5
What are you looking for?