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Ind AS 116
Financial Reporting
In illustration 30, why the entry of transfer of Interest expense and Depreciation to Profit and Loss account every year is not accounted for?
Answers (2)
CA Suraj Lakhotia Admin
Those are simpler aspects. And the question has not asked to pass Journal Entries. Its more about how would the accounting be done.
Still there is no harm in passing those entries.
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