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interest exp
how many types of interest is deductible from interest income of partner ship firm?
Replies (3)
Your question is not clear. Can you elaborate it?
interest exp of loan from finance company can be deducted from interest income from partner ship firm?
No, interest income should be separately shown credit side of p&l a/c and interest expenses debit side of p&l a/c.
We can't adjust interest expense from interest income.
We can't adjust interest expense from interest income.
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