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Inventory purchased in foreign currency

This query is : Resolved 
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(Querist)
04 June 2013 Dear Sir,

My client ltd. co has purchased inventory in foreign currency for a plant prior to commencement of operations on 12.5.12

At the time of purchase price was Euro 12500 i.e Rs. 787500. (1 euro = 63 Rs.)

On 31st March 1 Euro = 73

At the time of payment on 13.5.13 it was 1 euro = 71

Company does not make P&L account for the plant as it is not in operation yet.

Please tell me the accounting treatment for stock and Foreign Exchange Gain and Loss as per AS 11.
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Priyanka Namdeo

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Priyanka Namdeo (Querist)
21 September 2013 This query is Resolved
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Priyanka Namdeo

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Priyanka Namdeo (Querist)
21 September 2013 This query is Resolved
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