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

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

This preview shows page 1 - 2 out of 2 pages.

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
Image of page 1

Subscribe to view the full document.

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
Image of page 2
  • Fall '19
  • Balance Sheet, Generally Accepted Accounting Principles, X Limited

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern