Please answer the finnacial accouting question in respect to applicable INDAS

Shaniya Limited is the kolamaana ltd. has allowed an interest free credit of $10,85,857 to its entirely possessed indian auxiliary bambido ltd. there is no exchange cost connected to the said advance. the organization has not finished any terms and conditions including the material financing costs on such advances. the top managerial staff of the organization are assessing different choices and has mentioned your firm to give your perspectives under ind as in after circumstances:

(i)the advance given by kolamaana ltd. to its entirely claimed auxiliary bambido ltd. is without interest and such credit is repayable on request.

(ii)the said credit is without interest and will be repayable after 3.99 years from the date of conceding such advance. the current market pace of revenue for comparable advance is 10.96%. considering the equivalent, the reasonable estimation of the advance at introductory acknowledgment is '8,10,150.

(iii)the said advance is without interest and will be reimbursed as and when bambido ltd. has assets to reimburse the advance sum.

4.based on the equivalent, kolamaana ltd. has mentioned you to propose the bookkeeping treatment of the above credit in the independent budget reports of kolamaana ltd. also, bambido ltd. and furthermore in the combined budget reports of the gathering. think about interest for just a single year on the above credit with the end goal