Question

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Illustration 49.
From the following information of Abacus Ltd. for the year ended 31st March, 2020,
prepare Note to Accounts on Finance Costs:
() Interest paid on Term Loan 2,50,000; (in) Interest paid on Bank Overdraft 35,000;
(in Discount on Issue of Debentures Written off 10,000; (iv) Interest Received on Fixed
Deposits 725,000; (v) Bank Charges * 9,500 and (0) Interest paid on Deposits 75,000.
Solution:​

Answer 1

Answer:

4170758000

Explanation:

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