Loan processing fee
This query is : Resolved
21 November 2011
Is loan processing fee charged by bank for OD facility is a revenue expenditure or capital expenditure,
If Revenue expenditure then can the entire amount can be charged to P/L irrespective of period of OD facility
If Revenue expenditure then can the entire amount can be charged to P/L irrespective of period of OD facility
21 November 2011
Yes, it can be charged to P&L A/c as a revenue expenditure irrespective of the tenure of the facility.
21 November 2011
Yes, Its a Revenue Expense.
Since OD Facility Itself a Facility For Revenue Spending.
Since OD Facility Itself a Facility For Revenue Spending.
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