Update: IAS 23 Borrowing Costs multiple choice quiz

If you’re studying IAS 23 Borrowing Costs, why not test your knowledge with our multiple choice quiz? Click here to take the quiz. By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.

The Essentials About Borrowing Costs for IAS 23

What are Borrowing Costs? Borrowing costs are interest and other costs incurred by an entity in connection with the borrowing of funds. Borrowing costs may include – Interest on bank overdrafts and short-term and long-term borrowings (including inter-company borrowings). – Amortisation of discounts or premiums relating to borrowings – Amortisation of ancillary costs incurred in …

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