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processing cost

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(Querist)
30 June 2009 how to treat bank loan processing charges...when a loan is taken for purchasing a capital asset...

and specifically when an asset ia not purchased till year end but bank has already charged us full amount of charges.
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visu iyer

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visu iyer (Expert)
18 July 2009 It is a revenue nature of account and be debited to profit and loss account

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