while valuation of goodwill only operating profit is considered.
what should be done if Bank Charges have been omitted during last year.
some says bank charges are finance cost while some treat it as office and admis. expenses.
can anyone tell me ingorned bank charges should be considered or not to cal. goodwill?
Bank charges can be for many reasons. e.g. if they are for maintaining your current account, then they are operating expenses.
bank charges are only for current account maintaining not for other things, i think so.
Then they are operating expenses and deducted for calculating operating profit.
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