expense in foreign currency
This query is : Resolved
04 June 2011
in final accounts we have to state exp. incurred in foreign currency during the year. whether it should be only revenue expense ( charged to P & L ) or it includes exp incurred to purchase capital asset also
04 June 2011
In the schedule VI.the total expenditure in foreign currency. Means total utilisation of foreign currency. Hence, one has to state capital as well as revenue expenditure.
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