Fluctuation gain or loss on fixed assets purchased as per AS 11
To P&L A/c only.
Charge it to P&L A/c
First it was allowed to capitalized but now as per revised as - 11 shld charge it to p&l..
Charge the exchange fluctuation gain or loss to Profit and Loss Account
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
M N Rao & Associates LLP
Vijayawada
CA Inter
Krea University
Chennai
CA
Continental Belting Pvt Ltd
Mumbai
B.Com
apricus india
Navi Mumbai
DPV & Associates
KDSS
New Delhi
N N V Satish & Co.,
Hyderabad
Varma Raja & Associates
Thrissur
India's largest network for finance professionals
Alternatively, you can log in using: