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We have taken a loan from Bank of Rs. 1000 million and paid Rs. 10 million as the processing charges. How to account for this under IFRS.
in IAS 23 - Borrowing Costs by Level 1 Member (1.3k points)

1 Answer

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Borrowing costs are interest and other costs that an entity incurs connection with the borrowing of funds (IAS 23) So it is evident that you can capitalize the processing charges.

by Level 2 Member (4.6k points)


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