2021-08-29 16:59:36
Today's Quiz
On 1st April 2021 A ltd borrowed ₹ 1500000 @ 8% specifically for construction of a building.
Exp incurred on 1st April 2021- ₹ 650000
Exp incurred on 1st Aug 2021- ₹ 700000
Exp incurred on 1st January 2022 - ₹ 150000
Construction of building completed on 31st January 2022.
Above Construction meets the criteria of a qualifying asset.
Calculate
1.borrowing cost to be capitalised and
2. Borrowing cost tfd to p/l
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