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treatment of bank overdraft intrest

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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October 15, 2015 at 10:16 pm #276578
neha
Member
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can you plz tell me that what would be the treatment of bank overdraft intrest for reaching to PBIT from PBT …. because according to BPP kit answer they are not added back to PBT for getting the figure of PBIT
October 16, 2015 at 7:29 am #276594
MikeLittle
Keymaster
- Topics: 27
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I suppose that there’s the possibility in that particular question that the figure given as PBT is actually BEFORE any interest has been deducted.
Other than that as a suggestion, I don’t know – I would always add back the overdraft interest
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