Basic query in accounting
This query is : Resolved
pavankumar
(Querist)
12 October 2013
“Interest attributable to the construction or acquisition of Fixed assets for the period upto the completion of construction or acquisition of fixed assets Include in the Gross Book Value of the asset to which it relates.”
In the above context:
Q1)Reference given above about construction of asset is it a self constructed asset?
I will be very much thankful to you.
In the above context:
Q1)Reference given above about construction of asset is it a self constructed asset?
I will be very much thankful to you.
CMA Ramesh Krishnan
(Expert)
14 October 2013
Yes. self construction of assets
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