As the full loan was taken at a time, the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L. As per IFRS, the charges should be amortised over a period of term of loan. Thanking you in advance. Ramesh
07 November 2012
the cost incurred to take (e.g. processing fees)loan, as per Indian GAAP, the full amount charged to P&L as still IFRS has not been implemented.
CAclubindia
