Question

As per AS 16, borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset should be:

A Expensed in the period they are incurred.
B Capitalized as part of the cost of that asset.
C Treated as deferred revenue expenditure.
D Charged to Capital Reserve.
E Adjusted against Securities Premium Account.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)