Foreign exchange fluctuation on purchase

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Daya (Querist)
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20 January 2023 Treatment on purchase of fixed assets
In the case of profit,
Loss

In the case of revenue expenses or revenue income
Profit
Loss.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 January 2023 All the above items Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements shall be recognised in profit or loss in the period in which they arise.

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