Finance cost in Financial Instruments

Financial Reporting

Can anyone explain how the finance cost were computed in the given illustration??

Chandu vadla

CA Final

★ 11K+

13-Oct-22 11:20

580

Answers (3)

Best Answer

Interest shall be calculated on the outstanding amt

Thanusha Lakshmi

CA Final

★ 3K+

13-Oct-22 12:34

104.23*11%= 11.46 103.68*11%=11.40 103.09*11%= 11.34

Thanusha Lakshmi

CA Final

★ 3K+

13-Oct-22 12:33

Thanks for the help

Thread Starter

Chandu vadla

CA Final

★ 11K+

13-Oct-22 12:34