Cost incurred for taking loan
This query is : Resolved
07 November 2012
Dear All,
Please advise whether following note is correct :
As the full loan was taken at a time, the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L. As per IFRS, the charges should be amortised over a period of term of loan.
Thanking you in advance.
Ramesh
Please advise whether following note is correct :
As the full loan was taken at a time, the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L. As per IFRS, the charges should be amortised over a period of term of loan.
Thanking you in advance.
Ramesh
Aditya Maheshwari
(Expert)
07 November 2012
the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L as still IFRS has not been implemented.
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