AS 16

Please try solving and post your solution, we will let you know if there are any corrections

Sudha Reddy

CA Final

★ 20K+

29-Sep-21 06:49

Sir , I have done in this way .

Thread Starter

Chandan Subudhi

CA Final

★ 12K+

29-Sep-21 07:00

This is the answer

Likhitha Sivani

CA Final

★ 14K+

29-Sep-21 08:41

I have the answer buddy ! I just wanted to know my way of solving is correct or not .

Thread Starter

Chandan Subudhi

CA Final

★ 12K+

29-Sep-21 08:42

No ji it's not crct in the accounting standard they specifically mentioned this method to do like this

Likhitha Sivani

CA Final

★ 14K+

29-Sep-21 08:44

There may be any other resaons also I don't know but we should not do like that

Likhitha Sivani

CA Final

★ 14K+

29-Sep-21 08:44

You need to apply average rate since the total amount of borrowing is different from the amount spent.

CA Suraj Lakhotia

Admin

29-Sep-21 11:02