[DhruviD]

I got the same paper as you
According to me the loan provided to a close company will be considered as investment in that company and any interest earned from it can be considered as dividend maybe not sure at all but that came to my mind at that point
And the loan take fron the bank, I considered it as a qualify loan interest expense ( assuming this loan amount will also be used to provide finance to close company) .
This was a 6 mark requirement so I m hoping to scored atmost 2 marks .

[DhruviD]

The statement is false

[DhruviD]

Passed – Thank you open tution

[DhruviD]

Thank you

[DhruviD]

Yes I understood the topic well.

[DhruviD]

Okay thankyou

[DhruviD]

Thank you so much sir

[DhruviD]

Thank you so much sir

[Author]

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