under which head bank charges will be shown
other expenses or finance cost
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Revised schedule vi
Replies (2)
According to me it should be shown under Finance Cost. As it is expense related to finance function only.
| Originally posted by : saurabh toshniwal | ||
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under which head bank charges will be shown other expenses or finance cost |
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It should be shown under "Other Expenses" because normal bank charges are not related to borrowings and cannot be classified under "Finance Cost".
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