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I’m a little stuck on the transaction costs, it says to take to the P&L, but the debit appears to be reducing the FL. So Issue Price (Dr Bank Cr FL) less transaction costs (Dr FL, Cr Creditor?) but how then do the transaction costs get expensed in the P&L? many thanks
Sorry, I then assume when the Transaction costs are paid, you will Dr Creditor and Cr Bank. So I don’t see where it goes to the P&L?
Thank you, so essentially the transaction costs don’t go to P&L, the net is via the finance cost expense? Could you capitalise and amortise the transaction costs?
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