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AS -16

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29 December 2010 WHAT WILL BE TREATMENT ACCORDING TO AS-16 IF THE SPECIFIC LOAN TAKEN FROM THE BANK AND GIVEN TO SUBSIDIARY FOR SOME DAYS AND INCOME OBTAINED BY THE SUBSIDIARY FROM THE LOAN ?

PL. REPLY.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
02 January 2011 AS 16 nothing says about this, only interest for the period loan not utilized will not be included in borrowing cost.

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