Treatment in as 17 segment reporting
This query is : Resolved
CA Amit Kumar Jain
(Querist)
09 September 2011
As per AS 17 (Segment Reporting), Interest cost should not be part of Segment Expense. Than Whether Interest cost include interest on Cash Credit directly identifiable for Reported Segment. And Whether Interest on Fixed deposit should be included in Segment Revenue if FD is directly relate to reported segment.
CA Pushpendra Gaur
(Expert)
26 September 2011
Yes whatever you said is right, general intrest cost should not be reported
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