why bank interest comes in indirect exp. in accounting
method?
what it is the TDS?
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
any one provide me mm & fi configration steps
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
What are the steps involved in project implementation?
Where do we create House banks and what is the process in sap fico
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
How can do it TDS in accounts?
hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle
Explain what is double-entry accounting? Explain with an example?
why accounting is important in business?
what is retention? how caculate on asset
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
What is tds and how it is calculated?
Tell us in accounting, how do you define premises?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c