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As16

Accountancy

I found this qsn & have doubt in this this In Jan all loan repayment was made Feb new loan taken, hence interest will start from feb for the expense made after loan has taken and not for expenditure made before Then why on upto jan 15% pa interest is charged

Sushmita Chowdhury

CA Inter

★ 715

21-Feb-24 20:39

140

Answers (3)

The past expenses also created Overdraft. If capital expenditure was not incurred, overdraft would not have arisen.

CA Suraj Lakhotia

Admin

11-Mar-24 15:37

CA Suraj Lakhotia Admin

The past expenses also created Overdraft. If capital expenditure was not incurred, overdraft would not have arisen.

But Sir it said overdraft upto December & Jan there was surplus, hence load was fully repaid so far

Thread Starter

Sushmita Chowdhury

CA Inter

★ 715

12-Mar-24 13:25

Thread Starter

Sushmita Chowdhury

But Sir it said overdraft upto December & Jan there was surplus, hence load was fully repaid so far

Yes. But again reached overdraft subsequently. This overdraft would have been avoided if the capital expenditure was not incurred.

CA Suraj Lakhotia

Admin

13-Mar-24 13:47

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