CA Bijay Shrestha (Never Give up....No matter what....) (858 Points)
27 April 2020
PRAVIN AGRAWAL
(PROPRIETOR)
(76 Points)
Replied 27 April 2020
Dear Sir,
Matching concept applies to expenditure and income relating to each other in same period.
For interest income, there is no expenditure incurred and more specifically, this is not a business income in most of the cases where we can apply this rule.
For more information, kindly drop email to capravin87 @ gmail.com
sabyasachi mukherjee
(27574 Points)
Replied 29 April 2020
CAclubindia
