Accounting of advisory charges

This query is : Resolved

Faheemuddin Mohammad (Querist)
Follow

06 November 2023 Should I add advisory charges paid to bank on imports to cost of purchase or should I show it under other expense?

RAJA P M (Expert)
Follow

07 November 2023 Show under other expenses

Faheemuddin Mohammad (Querist)
Follow

07 November 2023 Can you please quote the standard on which your answer is based on?

RAJA P M (Expert)
Follow

07 November 2023 Bank charges can't be cost of purchase. It's accountable under indirect Expenses.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess