AS -16
This query is : Resolved
29 December 2010
WHAT WILL BE TREATMENT ACCORDING TO AS-16 IF THE SPECIFIC LOAN TAKEN FROM THE BANK AND GIVEN TO SUBSIDIARY FOR SOME DAYS AND INCOME OBTAINED BY THE SUBSIDIARY FROM THE LOAN ?
PL. REPLY.
PL. REPLY.
02 January 2011
AS 16 nothing says about this, only interest for the period loan not utilized will not be included in borrowing cost.
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