Interest
Querist : Anonymous
what is the journal entry for capitalized interest
thank you
To Interest Charge Cr xxx
Querist : Anonymous
i can create 'interest charge Cr' under current liability head.(is it payable a/c)
thank you
Interest Expense Ac Dr.....xx
To Borrowing/Accrued interest Cr.....xx
Then you pass the earlier suggested entry for capitalisation. This will reduce the debit in P&L and bring in liability at balance sheet date.
As and when interest is paid, you pass the following entry:
Accrued Interest (B/S) Dr.....xx
To Bank Cr.....xx
Querist : Anonymous
thank you very much for your kind attention.
Click here to login now
Similar Resolved Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
