computation of FMP


This query is : Resolved 

(Querist)
21 October 2010 Whether the Foreign exchanges loss on principal amount of loan is to be adjusted while compution FMP ?

CA Shiv (Expert)
21 October 2010 yes the if the loan is advanced and there is loss cause of forex than at the year end it is to be adjusted and the other effect to be given to P&L account


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