22 September 2007
whether foreign exchange gain or loss arise on foreign exchange liability on fixed assets is debited or credited to p&l a/c or to fixed assets a/c.
22 September 2007
To Fixed Assets first and then show a reconciliation to show the deviation between AS 11 which requires all gain or loss of Forex fluctuation to be charges to P&L and Schedule VI to the Companies Act, 1956
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