Interest on loan paid by business is an example of?

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Nuridin Islam Diab
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Question added by George Caesar- Cert CII®, IFCE® , Marketplace Manager -eCommerce , Saudi Company for Hardware - SACO
Date Posted: 2015/03/09

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RAJESH DESHKULKARNI GOPAL

by RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

Interest paid on Borrowed Capital

Interest is considered as revenue expenditure in P&L

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