BORROWING COST ?
This query is : Resolved
Nitin Agrawal
(Querist)
22 September 2019
Dear Experts
Pls guide regarding query "Bank Processing fees & Stamp duty charges for Term Loan does form part of BORROWING COST ? "
If yes, how it will be treated in books of account ?
Thanks & Regards
Pls guide regarding query "Bank Processing fees & Stamp duty charges for Term Loan does form part of BORROWING COST ? "
If yes, how it will be treated in books of account ?
Thanks & Regards
Gokul Sharma
(Expert)
23 September 2019
borrowing cost needs a qualifying asset.
term loan is not a qualifying assets.
term loan is liabilitt
charge processing fee etc to profit loss account
read as 16 for details
Gokul Sharma
(Expert)
23 September 2019
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