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why bank interest comes in indirect exp. in accounting
method?
what it is the TDS?
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Answer / h.r. sreepada bhagi
Bank/Other interest is not an expense related to
manufacturing, trading or operations. This expense arises
due to administrative decision to borrow from
banks/financial institutions/others for funding the
business. This is generally grouped under Financial Charges
of Financial Expenses in the Profit & Loss A/c. Hence it's
not a direct expense.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / vv siva prasad
Interest is a indirect exp, because it does not come from
business transactions. It is one of the sources of TDS.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / kiran negi
Bank interest is indirect expense, it does not accumulate
directly.
| Is This Answer Correct ? | 3 Yes | 0 No |
We are facing problem in Capital Goods when our other unit send us Capital goods we book it in Fixed assets but if we transfer the same capital goods to other unit we have to make sale bill in which this item goes to inventory, and the qty is shown as negative balance, but our unit is asking for Invoice, Please explain how we will settle this qty from assets as per excise rule.
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