Capitalisation of interest cost on fa
This query is : Resolved
CA Archana Dhamecha
(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
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
CA Chandresh Agrawal
(Expert)
06 June 2012
Yes it can be capitalise on JV also
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