I am bhenzer a neophyte in ifrs from Philippines. Can anyone please tell me how to journalize this.
My company obtained a loan in December 2007 in the amount of 20 Million to be amortized in 10 years beginning 2010 in 120 equal monthly installments. Interest from December 2007 to December 2009 shall be capitalized.
Kindly help me please.
You can apply IAs -23 borrowing cost