what will be the treatment of processing fee for RS.10000 againt a loan of 1000000 which is for 5 years. ?
Is 10,000 will be written off in p/l in year one only or will be proportionate and for rest 4 years it will be prepaid expense !
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Processing fee for Rs. 10000 against loan of 1000000
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Its one time expense, debited to P&L acc fully.
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