Interested to Buy Any Domain ? << Click Here >> for more details...
why bank interest comes in indirect exp. in accounting
method?
what it is the TDS?
- 3 Answers
- 8683 Views
- I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
What are accounting rules called?
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
Do you know how many types of business transactions are there in accounting?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.
What is compound journal entry?
What is the equation for acid-test ratio in accounting?
Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.
Tell us what is your proudest accomplishment?
Why current assets Liability said & current Liability Assets said...?at tally ERP9
Define depreciation and its types?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
