Capitalisation of interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2013
A Pvt. Ltd company has taken Buyer's credit loan from HSBC Bank For SGD 151000.
for Purchase of Plant & Machinery from a Company of Sigapore. Bank Charges interest of SGD 2334.50. Will this interest be capitalised or not?
for Purchase of Plant & Machinery from a Company of Sigapore. Bank Charges interest of SGD 2334.50. Will this interest be capitalised or not?
Rupesh Jain
(Expert)
26 June 2013
YES YOU CAN CAPITALIZED THE INTT.
Rupesh Jain
(Expert)
26 June 2013
INTT CAPITALIZED TILL MACHINERY IN PRODUCTION
Ganeshbabu K
(Expert)
26 June 2013
Yes..it can be capitalised as per AS10
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