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.

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.

Answer / kiran negi

Bank interest is indirect expense, it does not accumulate
directly.

when we use credit card, then what will do entries in tally erp as a accountant and second question that if he do entry then what will thay keep under the ledger of credit card.

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Sir how the enter of GST adjust of sales return

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