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why bank interest comes in indirect exp. in accounting
method?
what it is the TDS?
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Answer Posted / 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 |
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