interest on capital wIP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2009
how can we treat the interest on WIP wherther revenue expenditure or capital expenditure for the purpose of IT
Aditya Maheshwari
(Expert)
23 November 2009
Should be capitalised in view of AS - 16
CA Ravi Sisodia
(Expert)
23 November 2009
according AS-16 interest on WIP should be capitalised.
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