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Finance cost

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(Querist)
11 February 2015 Dear All,

Good Afternoon !!

My query : Interest paid to Creditors for delayed payment or any Interest in respect to fulfill any export obligation will be debited where in Profit and Loss A/c ? Whether under Other Finance Cost or some other head ?

Kindly Help !!
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Amol S Joglekar

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Amol S Joglekar (Expert)
11 February 2015 Can be shown under Other finance Cost. No problem
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CA PRIYUL SHAH

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CA PRIYUL SHAH (Expert)
11 February 2015 Can be charged as finance cost.
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Akshay Choraria

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Akshay Choraria (Querist)
03 April 2015 Thank You !!

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