just came to clear a doubt.. Am having a doubt in AS 11 & 10. The AS has told about capitalisation of exchange differences incurred on fixed assets related borrowings.. but i couldnt find whether it has said anything on advance paid to a supplier and the asset received in later date. here while making the payment the exchange rate was 49.1 and while receiving the asset it is 50.2. Kindly clarify whether Foreign exchange fluctuation has to be booked.. If yes how... Kindly justify ur answer...
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AS 11 related
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If the payment is made to supplier towardsd purchase of fixed assets then it will be debited to p-l account and the payment is toward borrowinf then it will deal as per AS -16 relating to borrowing cost.
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