03-14-2009, 03:28 PM
Thanx Mr. Kamran
But
In the pargraph 32-35 it is apparent that if the substance of the transaction so provide related income and expense can be offset. In the above mentioned case fascility availed by one company is used by the other company in the same group of companies and first company charges the second company same interest rate as of bank on amount utilized by the second company. please give the logic with governing references.
Yasir
But
In the pargraph 32-35 it is apparent that if the substance of the transaction so provide related income and expense can be offset. In the above mentioned case fascility availed by one company is used by the other company in the same group of companies and first company charges the second company same interest rate as of bank on amount utilized by the second company. please give the logic with governing references.
Yasir
