IndigoLearn

Forums

Why salary and interest on non trading investments are added and subtracted from this sum?

By my understanding salary should be reduced from profit right, instead why they are adding it? For Interest on non trading investments isn't we assume that it's already added to profit right? They have not given any indication that profit does not include interest

Attachments

IMG_20200317_003531.jpg


Gokul Nath

Gokul Nath

CA Inter

340

17-Mar-20

112

Answers (2)

Salary which is not payable in future will not be an expense so added back. For valuation of goodwill, not trade income are not considered.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Mar-20

Flash Sale Byte size
Past_Exams
EMI
Tally + Excel Free
Inter Testimonials
Testimonials CA Foundation July 21
Refer
Quote
Excel Launch
Study Planner
Fundamentals of Blockchain
Financial Modelling