Proft & loss account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2011
Interest on excise duty payment to show under direct exp. head or indirect expenses head
CA. Nitin Agrawal
(Expert)
22 September 2011
Definitely an indirect expense as it is not related with the manufacturing activity. It is paid because of late payment of excised duty.
CA Pushpendra Gaur
(Expert)
29 September 2011
I agree with Mr. nitin he is right
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