03-26-2009, 05:37 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by KANWAR</i>
<br />AA all,
Mark up paid to bank for late payment against lc (import at sight).
Please tell me is it financial expenditure or import jo directly cost of sales ma jatee ha.
and agar ye Mark up Dishonor Bills ( Acceptances) par ho to kea treatment ho ge. For a limited company paid up capital 100 Million
Regards
KANWAR
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Kanwar,
In all above cases you will debit Bank charges or Financial Charges account it will be treatment in all businesses and capital and type of business organization is irrelevant
here.
Regards,
Awais
<br />AA all,
Mark up paid to bank for late payment against lc (import at sight).
Please tell me is it financial expenditure or import jo directly cost of sales ma jatee ha.
and agar ye Mark up Dishonor Bills ( Acceptances) par ho to kea treatment ho ge. For a limited company paid up capital 100 Million
Regards
KANWAR
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Kanwar,
In all above cases you will debit Bank charges or Financial Charges account it will be treatment in all businesses and capital and type of business organization is irrelevant
here.
Regards,
Awais
