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Illustartion 7, pg 4.42, Financial statements of company

Accountancy

Why interest on debentures has double effect even if it is shown in trial balance?? (It is shown under finance cost as well as under other current liabilities)

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Sambhav Singh Patel

Sambhav Singh Patel

CA Inter

★ 150

27-Jun-21 18:05

517

Answers (1)

Int on deb not given in trail bal So doubt effect arises One is finance cost and other is other CL

Aswini Gorige

Aswini Gorige

CA Inter

★ 7K+

27-Jun-21 20:46

Your Reply

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