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Query Related to Accounting for Interest on Bank.

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19 February 2009 What will be the Accounting Treatment of Secured loan Interest " Loan Relating to land " and land is treated as Inventory so Please give a Good solution for this Query and Extra knowladge abut this Query's.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
14 March 2012 Interets paid on loan whether paid for fixed asset or current asset will be charged to P&L Account.
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