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As-11

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(Querist)
21 October 2013 when a company purchase an assets by taking foreign currency loan,& due to currency fluctuation some profit or loss arises...wt should be the treatment? wheather such P/L chargeble to P/l or to be adjusted with the cost of the assets till 2020??
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Sanket

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Sanket (Expert)
21 October 2013 The relevant Accounting standard is AS 11 -
which allows ( refer to insertion of para 46A
vide GSR 914( E) dtd 29.12 .2011 ) capitalisation
of the loss incurred on account of exchange
loss.
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