Accounting of interest on housing loan
Saisumanth S (student CA FInal) (64 Points)
08 February 2016Saisumanth S (student CA FInal) (64 Points)
08 February 2016
SHINY
(CA Final Student)
(699 Points)
Replied 09 February 2016
Kunal Pansari
(Accountant)
(1037 Points)
Replied 11 February 2016
If the property is shown as the assets of the firm, it should be treated as indirect expenses Or else, it can be debited to Capital A/c.
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