banner_ad

As16

590 views 3 replies
Dear Friends, loan taken for purchase of truck but till date delivery of truck not received, my question is thatthe interest on loan should be capitalised or charged to profit and loss account as per as-16.?
Replies (3)

The interest paid on loan till the date the asset is put to use has to be capitalised. SInce in your case the truck is not yet delivered you need to capitalize the expenditure.

 

For more information/news/comments please visit https://capraveenmr.wordpress.com/ or email me at mrpraveen @ live.com

Thanks praveen for answer.
Praveen new query : Dear friends what would be the cost of debt of 9.5 % debenture( fvalue 100 ) , if these debentures are reedemable after 3 years and are currently quoting at 981.05 ?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details