Forex loss

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2014 Whether forex loss in case of purchase(inventory) be capitalised?

CMA. CS. Sanjay Gupta (Expert)
Follow

17 December 2014 No. To be taken to profit and loss account.

Querist : Anonymous

Querist : Anonymous (Querist)

18 December 2014 can purchase be booked in ex rate slight higher than bank rate?

Rupesh Jain (Expert)
Follow

18 December 2014 no it is booked on your cost rate.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess