a person took loan for building
interest on pre construc=20000which can be capitalised
a sum of2000 was paid to broker for getting loan,this is to be added to cost of asset or it is revenue exp
SRINIVAS
(SR. ACCOUNT MANAGER)
(22 Points)
Replied 25 July 2008
It is a revenue expenses Rs. 200/- go to Borkerage & comission
SRINIVAS
(SR. ACCOUNT MANAGER)
(22 Points)
Replied 25 July 2008
| Originally posted by :saritha | ||
| " | a person took loan for building interest on pre construc=20000which can be capitalised a sum of2000 was paid to broker for getting loan,this is to be added to cost of asset or it is revenue exp |
" |
Both the expenses are to b capitalised
CAclubindia
