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Interest capitalization

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22 November 2014 How to capitalize Bank OD interest.Please help

22 November 2014 Debit the interest to the concerned Capital Asset.
(Why do you want to capitalise is the real question?)

24 November 2014 sir,
last FY our company is in loss .we want to show some profit. so that we wants to capitalize our Bank interest paid . is there any problem with this .pls help




24 November 2014 Yes, there is problem with this. You are not doing PROPER disclosure. If it is in LOSS, the same should be reflected through books of accounts and the financials

24 November 2014 capitalisation is not allowed in this case...what is the nature of transaction is not disclosed.

25 November 2014 if you but capital assets then you capitalized the intt till its not come of production.



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