AS-16

Accountancy

If they ask compute borrowing costs and exchange difference for the loan taken and then we calculate and find some amount which should be treated as per AS-11, should we do it or write it should be treated as per AS-11

Sugam SM

CA Final

★ 9K+

13-Aug-22 08:58

574

Answers (6)

So residential projects includes construction for residence purpose right? Then usually it will be depreciable asset. So there is no need to go for FCMITD account as per AS-11.

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Thread Starter

Sugam SM

CA Final

★ 9K+

13-Aug-22 09:13

At inter level it is not generally asked in complicated manner.

CA Suraj Lakhotia

Admin

13-Aug-22 11:46

For treatment- you have to give actual treatment and not just write as per AS 11

CA Suraj Lakhotia

Admin

13-Aug-22 11:47

CA Suraj Lakhotia Admin

For treatment- you have to give actual treatment and not just write as per AS 11

So even if question is asked for 5 marks ?

Thread Starter

Sugam SM

CA Final

★ 9K+

13-Aug-22 14:06

Yes.

CA Suraj Lakhotia

Admin

13-Aug-22 14:06

So we need to combine both the As and provide soln. Okay sir!

Thread Starter

Sugam SM

CA Final

★ 9K+

13-Aug-22 14:07

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