AS 16

For e.g., If actual interest on foreign currency loan taken for a specific project is Rs. 10000. But the interest that would've resulted if the loan was taken in local currency is Rs. 8000. Rs. 8000 will be accounted for as per AS 16 and Rs. 2000 would go into P/L. Am I right?

Sibi Srinivasan

CA Final

★ 22K+

15-Mar-22 13:46

402