Income earn

This query is : Resolved 

26 September 2023 Sir,

A person is repaying loan near about 1lac per month ,which is business loan and car loan.
i want to know what would be net Income to meet such monthly expenses.As the person say his monthly income is 50k approx.his turnover is1.30cr.

27 September 2023 Business loan and car loan can be paid out of depreciation charge which is not a cash expense.

27 September 2023 sir
Can you little clarify , as i know loan amount has to be paid from net income,an his net income income is less than loan repayment,is it possible to deduct loan amount from depreciable charges.

27 September 2023 Prepare a cash flow statement.
Cash from operations will be net profit plus depreciation.
Depreciation is a non cash outflow expenses.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

GST Live 38th Batch (Weekdays) with CA Arun Chhajer GST Live 38th Batch (Weekdays) with CA Arun Chhajer

Follow us

Answer Query