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treatment of coversion charges paid to bank

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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 DOLLERfor payment to creditor FORM WHOM WE PURCHASED THE NEW ASSETS FROM OTHER COUNTRY ( IMPORT )
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
19 February 2008 These charges, being directly associated with acquisition of assets will have to be capitalised.
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