Can anyone plz say me that the interest which is calculated as per MSMED act 2006 to be shown in books of accounts i mean a provision need to made or a disclousure is sufficent.......
26 June 2009
I am not a expert to comment upon this query, however from the logic it seems that provsions need to be made in the books and then the disclosure is required to be made.
CAclubindia
