Questions Of AS 16_Ind AS 23 – Borrowings Cost.pdf

Questions Of AS 16_Ind AS 23 – Borrowings Cost.pdf -...

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CAFC INTER CA FINAL CA FINAL CA REVISION NOTES MAY '19 Financial Reporting Part - V - Questions of AS 16 / Ind AS 23 – Borrowings Cost /officialjksc Jkshahclasses.com/revision
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J.K.SHAH CLASSES FINAL C.A. – FINANCIAL REPORTING : 1 : REVISION NOTES – MAY ‘19 Q.1. Advise X Limited on the Weighted Average cost of borrowing and the interest cost to be capitalised based on the following : a) Total Borrowings and interest costs of X Limited for year ending 31st March 2018 are as follows: Borrowings Date of Borrowings Amount ` ‘000 18 % Bank Loan 14% Debentures 16% Term Loan 1.04.2017 1.10.2017 1.07.2017 3,000 2,000 1,000 Total 6,000 b) Qualifying assets in which these borrowed funds are utilised are : Assets ` ‘000 Period Factory Shed Plant 1 Plant 2 2,500 1,500
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  • Fall '19
  • Balance Sheet, Generally Accepted Accounting Principles, X Limited

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