AS 16

Accountancy

Construction of building was stopped due to lock down then do we need to capitalise the borrowing cost incurred during that period or debit to p and l a/c?

bsai partish

CA Final

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25-May-21 18:05

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Answers (2)

Stoppage due to lockdown is abnormal in nature consequently capitalization of borrowing cost should be suspended

Abhishek Purohit

CA Inter

★ 10K+

25-May-21 20:52

Thread Starter

bsai partish

CA Final

★ 2K+

25-May-21 21:32

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AS 16

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