Interest expense refers to the amount of interest paid by the business on borrowed funds. Suppose Navya had borrowed Rs.12,00,000 from a bank at an interest rate of 10% per annum to fund her business. Rs.1,20,000 (10% * 10,00,000) is the annual interest expense and Rs.30,000 is the interest expense each quarter.
Interest & Other Items Print
Modified on: Fri, 30 Oct, 2020 at 1:34 AM
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