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AS 2

If we own a factory, should we include a portion of amount as rent in cost of conversion?


Prakhash Ram

Prakhash Ram

CMA Inter

0

13-Nov-20 13:48

20

Answers (4)

If you own the factory - where is the question of rent?


Sriram Somayajula

Sriram Somayajula

Admin

13-Nov-20 13:50

If we bought it for a loan?


Prakhash Ram

Prakhash Ram

CMA Inter

0

13-Nov-20 13:51

If we bought it for a loan?

Indirect borrowing costs are not allowed to be inventorised? refer para 12 of AS 2 Interest and other borrowing costs are usually considered as not relating to bringing the inventories to their present location and condition and are, therefore, usually not included in the cost of inventories.


Sriram Somayajula

Sriram Somayajula

Admin

13-Nov-20 13:53

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