under which head bank charges will be shown
other expenses or finance cost
Saurabh Toshniwal (ca final) (2363 Points)
24 May 2013under which head bank charges will be shown
other expenses or finance cost
CA Smit Shah
(B.Com, M.Com, C.A)
(759 Points)
Replied 24 May 2013
According to me it should be shown under Finance Cost. As it is expense related to finance function only.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 24 May 2013
| Originally posted by : saurabh toshniwal | ||
 |
under which head bank charges will be shown other expenses or finance cost |
 |
It should be shown under "Other Expenses" because normal bank charges are not related to borrowings and cannot be classified under "Finance Cost".
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
