urgent
This query is : Resolved
06 June 2009
company is booked foreign exchange differance at time of expense booking and at time of payment also.
wether is it as per AS 11?
is it allowable?
wether is it as per AS 11?
is it allowable?
06 June 2009
Difference due to changes in F E rates affect the P & L A/c its advisable to have a "Foreign Currency Fluctuation A/c' in your ledger and route such amounts through this account This account will be grouped under the Financial costs or similar head in the Final P & L A/c. Pl c para 44 of AS 11
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