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ACCOUNTING STANDARD- 16

This query is : Resolved 
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(Querist)
10 September 2008 what does commitment charges on borrowing means as per AS-16.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
11 September 2008 Lenders charge a commitment charge on limit sanctioned but not utilised by the borrower.

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