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200 transaction cost should also be included. It would be 664 I guess. Btw i have also written 464.
Krishank wrote: @cadhakan no 464 is the right answer and 200 shouldn’t be charged to p&l
Just curious, where should the 200 be charged then?
I’m not exactly sure about the dates but as far as I remember it was a 1st year treatment so the 200 TC should be charged to the PnL along with the finance cost. Had it been year 2 the charge to PnL would only include the finance cost
Ya I also think so 664 maybe is correct answer but I am not 100% sure for this qstn
nope! we should just deduct transaction costs from proceeds and not expensed to p/l account.
@cadhakan i’m also giving fm june 2021 session
@sanarsh oh that’s good let’s clear this paper together in June 2021. Which paper u gave in March 2021?
@cadhakan do you remember section A questions?
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