a person took loan for building
interest on pre construc=20000which can be capitalised
a sum of2000 was paid to broker for getting loan,this is to be added to cost of asset or it is revenue exp
3 Replies
SRINIVAS
(SR. ACCOUNT MANAGER)
(22 Points)
Replied 25 July 2008
It is a revenue expenses Rs. 200/- go to Borkerage & comission
SRINIVAS
(SR. ACCOUNT MANAGER)
(22 Points)
Replied 25 July 2008
| Originally posted by :saritha | ||
| " | a person took loan for building interest on pre construc=20000which can be capitalised a sum of2000 was paid to broker for getting loan,this is to be added to cost of asset or it is revenue exp |
" |
Both the expenses are to b capitalised
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