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 |
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