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GHI Limited obtained a loan for Construction of Factory shed ? 70 lakhs on 15th April, 2010 from JKL Bank, to be utilized as under:
? in lakhs 25
Purchase of Machinery 20
Working capital 15
Advance for purchase of Truck 10
Question 1: In March 2011, construction of the factory shed was completed and machinery, which was ready for its intended use, was installed. Delivery of Truck was received in the next financial year. Total interest of ? 9,10,000 was charged by the bank for the financial year ending 31-30-2011. Show the treatment of interest under AS 16 and also explain the nature of Assets
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All of the following are project classifications used by Bayside Memorial Hospital except
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