Exchange rate fluctuation as per as 11
This query is : Resolved
29 June 2012
Suppose:
Import = $100000 @ 50 per USD
Foreign Currency Balance: $50000 @ 45 per USD
Credit Period: 1 month
Payment after credit period:$100000 @ 55 per USD.
What will be exchange rate fluctuation as per AS 11?
Import = $100000 @ 50 per USD
Foreign Currency Balance: $50000 @ 45 per USD
Credit Period: 1 month
Payment after credit period:$100000 @ 55 per USD.
What will be exchange rate fluctuation as per AS 11?
29 June 2012
(Assuming FCB as INVESTMENT in the COMPANY.HTM or HFT): INR 5 per USD is Exchange Rate Fluctuation.
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