banner_ad

As-11

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 January 2012 Dear sir
Can u please tell me about the treatments of exchange differences as under AS-11, and if one method is applied can it be switched to another method. Thanks in advance.
Profile Image

Dheeraj Sharma

Profile Image

Dheeraj Sharma (Expert)
08 January 2012 As - 11 talks abt the difference in exchange rates at reporting date and treatment of FWD/Option derivative contracts.

As per AS 11 exchange difference on Loan should go to P&L (earlier) however now MCA has issued notification according to that all the difference arising on long term loan can be capitalised/or kept in reserve (this is only for long term loans and for conditions requested to see the notification).

Further, for premium on option/forwards, it has to go to P&L.

However Gain/Loss on forwards/option on long term contracts can be treated as per the notification (as above).

Option given by notification once applied can;t be taken back.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details