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Capitalisation of interest cost on fa

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(Querist)
05 June 2012 one of my client is carrying real estate business.

company had purchased land & started construction over it.

Now I know it can capitalised the interest of borrowing i.r interest paid by co on its unsecured loan .

but my doubt is that can Interest can be capitalised even it company doesn't actually pay it & only passes a journal entry.

Please help
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CA Chandresh Agrawal

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CA Chandresh Agrawal (Expert)
06 June 2012 Yes it can be capitalise on JV also

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