Fixed assets
This query is : Resolved
23 August 2011
When an asset is imported, at what rate of excahge, the assset is to be recorded in the books as per AS11. like rate prevailing on the date of invoice or capitalization date.
24 August 2011
Accounting Standard 11 is deal with the effect of changes in Foreign Exchange rate, so it should be recorded at the rate prevailing at that time.
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