Accounting of advisory charges
This query is : Resolved
Quick Summary
Faheemuddin Mohammad
(Querist)
06 November 2023
Should I add advisory charges paid to bank on imports to cost of purchase or should I show it under other expense?
Faheemuddin Mohammad
(Querist)
07 November 2023
Can you please quote the standard on which your answer is based on?
07 November 2023
Bank charges can't be cost of purchase. It's accountable under indirect Expenses.
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