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Discount allowed
in ICAI material discount allowed is considered as TEMPORARY CAPITAL as per traditional approach actually it is an expense right??
Replies (5)
Who told you wrong concept.
In ICAI material it is given as temporary capital why?
It's not temporary capital.
Kk tq
Hi Bsai
Can you share the exact statement from ICAI material that reads the same. Will help to clear this misinterpretation of words.
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