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Capital work in progress

26 February 2009 8,532 views No Comment

Dear Experts,

What is the accounting treatment of capital work in progress for the period before commissioning under the following two scenarios?

1. The assets are finance from the company’s internal sources.

2. The assets are financed by the govt in form of a grant from an international financial institution.

Kind refer to the applicable IAS/IFRS.

Benaya

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