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Question
From the following information, prepare Note to Accounts on Finance Costs: Interest paid to Bank ₹ 75,000; Interest on Debentures ₹ 58,000; Loss on issue of Debentures written off ₹ 27,500; and Commitment Charges ₹ 15,000.
Solution
NOTES TO ACCOUNTS
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount (Rs) |
|
| Finance Costs | |||
|
Interest paid to bank |
75,000 |
1,75,500 | |
| Interest on Debentures | 58,000 | ||
| Loss on Issue of Debentures written off | 27,500 | ||
|
Commitment charges |
15,000 |
||
| 1,75,500 | |||
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