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Loan taken for 4yrs 12% rs10lac 1/4/2021 = expended 30lac 1/9/2021 = expended 40lac Apr to aug interest on 40lac will be send to pl for general borrowing, for specific borrowing the same is captitalise, why


Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

21-Feb-24 14:41

86

Answers (2)

Correction = not 10lac, 100lac


Thread Starter

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

710

21-Feb-24 15:08

Specific borrowing is for the specific purpose and hence capitalised.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

21-Feb-24 17:30

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