Easy Office
LCI Learning

Interest on car loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 December 2011 IN A PARTNERSHIP FIRM , EXPENSES INTEREST ON CAR LOAN , CAN WE BOOK IT PAYABLE BASIS IN THE YEAR ENDING.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
14 December 2011 you can account is as per the generally followed accounting policy.
Profile Image

Ratan Sharma

Profile Image

Ratan Sharma (Expert)
14 December 2011 Yes you can show it as payable subject to you are following mercantile system of accounting. But remember sec. 43B also.
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links