17) x ltd. began construction of a new building on ist jan, 2012. It obtained...
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17) x ltd. began construction of a new building on ist jan, 2012. It obtained 21 lakh special loan to finance the Construction of the building on 1stjau, 2012 at an interest rate lot.. The Companyly other outstanding two nour specific loans were: Amount Rate of Interest 5,00,000 rupees llt. 19,00,000 rupees | Bt. The expenditures that were made on the building project were as follows: Rufeel Jan 2012 2,000,000 1 April 2012 12,50,000 July 2012 (4,50,000 Dec 2012 11,20,000 Building was completed by 31st Dec, 2012 calculate the amount of interest to be capitalized & pass One journal entry for Capitaliting the Cost & borrowing Cost in respect of the building
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