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Exchange diff.

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(Querist)
02 July 2009 Dear All

Pls. confirm that whether the realised and unrealised both gain/loss be booked in return of income. What AS-11 speaks in this regards
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chetan soni

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chetan soni (Expert)
02 July 2009 Yes, you need to give the effect of diff. in exchange rate as on balance sheet date as per AS11.

You need to give the effect of such to profit & loss a/c.

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