AS 16 & AS10

why are you searching for difference batween stds, both are absolutely different standards.As per AS-10 any expenditure up to asset ready for use can be capitalised.Asper AS-16 interest expenditure can be capitalised only if it is QUALIFYING asset

 Hey Anu..

Um sending You Some files.. hope these files make you sure about the difference between AS10 & AS16.

But Rani is right They are totally Different.

Blss u.

AS 10 talks about accounting for fixed assets which are in use or ready for use and depreciation is charged on these assets.

on the other hand, AS16 reflects on assets which take longer than a year for their construction(known as qualifying assets) which are not yet ready for use and substantial work(whether administrative or otherwise) is going on.

Hai Navaneetji,

you uploaded the file regarding  As 10 and 16.  but  files . I am unable to open those. if you dont't mind please  can you send those files to my mail ID. I would be greatful to you

laxmana.prasad @ gmail.com

in simple words AS 10 relates to fixed assets only like presentation , disclosure, trearment, recognition & so on but AS16 relates to borrowing treatment for fixed assets and considering based on no. of factors whether to capitalise or not.Note both are in connection with fixed assets but they setup standards for Diff things.

bye