Whether interest paid on General borrowings will be as contract cost as per AS-7
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General borrowings in AS-7
Replies (3)
Yes interest on general borrowing shall be treated as contract cost
Only that part of int of borrowings should be Debited as a contract cost which is attrtibutable to contract since in ur q u said its genearl borrowing.
| Originally posted by : TusharSSampatM.Com CA,CS-FINAL | ||
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Only that part of int of borrowings should be Debited as a contract cost which is attrtibutable to contract since in ur q u said its genearl borrowing. |
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