why bank interest comes in indirect exp. in accounting
method?
what it is the TDS?
- 3 Answers
- 7470 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
What are premises in accounting sense? What is vat adjustment?
what are the limitations of accounting conventions
what is the method deposit of wct in Delhi
What is the meaning of Trial Balance.
Explain how you can adjust entries into account?
What is the definition of accounting?
What is the criteria to calculate GDP growth?
what is entry for salary paid in advance ?
how will be the entry of service tax on freight?
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
what is ctt
What is input Sales ?
Audit 
