29 February 2012
if a company purchase a car on loan. then should the interest amount paid on such loan be capatalised???????? e.g. cost of car 500000 Interest paid on such loan 50000.
what would be the capatalised amount????
Guest
Guest
(Expert)
29 February 2012
The above interest needs to be charged to Profit & Loss A/c. The interest cannot be capitalised.
CAclubindia
