20 July 2015
In CA Final May 2015, in FR Paper in Q.4(b) asked to pass necessary Journal Entries for the FY 2014-15.But in Suggested answers "Interest on Staff Loan" is recognized up-to December 2014 only.But What about the "Interest on Staff Loan" for the last 3 months of FY 2014-15.Whether it should be recognised or should not be recognised??
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