Interest Accounting
This query is : Resolved
30 November 2008
Dear Experts,
I want to know the accounting treatment for the below two cases.
1. Interest paid on Advance received from customers for projects execution and the AS-7
2. Amount Paid to service provider which is recurring in nature incured during the execution of a project under AS-7
Best Regards,
Raghuveera
I want to know the accounting treatment for the below two cases.
1. Interest paid on Advance received from customers for projects execution and the AS-7
2. Amount Paid to service provider which is recurring in nature incured during the execution of a project under AS-7
Best Regards,
Raghuveera
30 November 2008
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