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AS 1

Accountancy

Anyone please explain this illustration

Ravikumar Pandi

CA Inter

★ 2K+

02-May-22 14:05

414

Answers (1)

Here the company has not provided interest from due date of payment till actual date of payment. This is in violation of accrual concept.

CA Suraj Lakhotia

Admin

03-May-22 13:48

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