Dear expets
interest on received by parter on capital investment, it is direct income to his personal accounts - correct or not
Direct and indirect expenses classification relates to only production. Borrowing costs are capitalised but not capital itself!
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CMNITY HIRE
New Delhi
Others
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CAclubindia
