As-11
This query is : Resolved
urvashi maheshwari
(Querist)
29 December 2011
whether we can transfer the foreign exchange difference arising on long term liabilities to Foreign currency translation reserve or whether it has become mandatory to charge the same to charge it to p&l account as per AS-11?
Mahesh Paryani
(Expert)
29 December 2011
Dear Urvashi.
Please read the notification carefully.
you have been given the option to accumulate it to reserves or charge to profit and loss account
onse the option is exercise it cannot be changed
and this is available for forex difference between a certain period
Regards
Please read the notification carefully.
you have been given the option to accumulate it to reserves or charge to profit and loss account
onse the option is exercise it cannot be changed
and this is available for forex difference between a certain period
Regards
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