alleryStart learning →Which method gives interest under Ind AS 109?
AStraight line method
BReducing balance method
CSimple interest method
DEffective interest method
Answer & Solution
Correct answer: D. Effective interest method
Ind AS 109 prescribes the effective interest method, and borrowing costs include interest calculated that way.
Keep practising Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property
Browse all Ind AS 23 Borrowing Costs and Ind AS 40 Investment Property questions for CA Final, or explore more Financialreporting topics.
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