Dear all,
Accounting standard allows capitalisation of bank charges directly attributable to FA. However, Is there any notification by mca or by clb that prevents capitalisation of bank charges or lc charges incurred for acquiring fixed assets?
Please help guys!
thanks a ton!
nikhil
AS - 10 Says That Any Cost Attributable to Acquire That Fixed Asset, Should be Capitalized.
Kindly Refr AS - 16 Also.
Arpan Bohra & Co
Hyderabad
CA Inter
View Details
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
View Details
ADY & CO.
New Delhi
Graduate (Any)
View Details
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
M N Rao & Associates LLP
Vijayawada
CA Inter
View Details
CCI
Pro
CAclubindia
