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TREATMENT OF CONVERSION CHARGES

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(Querist)
19 February 2008 WHAT IS THE ACCOUNTING TREATMENT OF CONVERSION CHARGES AND COMMISSION CHARGED BY BANK FOR CONVERTING THE RUPEES INTO DOLLER FOR PURCHASING THE NEW ASSETS FROM OTHER COUNTRY ( IMPORT )
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
19 February 2008 You have to capitalise these charges to the asset procured.
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
19 February 2008 All expenses to bring the asset upto working condition, should be capitalised. therefore you should capitalize the charges.
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