Foreign exchange gain/ loss on assets acquired in foreign cu

AS 568 views 3 replies
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Dear All,

 

We have bought imported Fixed assets. What is the impact of Foreign Exchange gain/ Loss? is it adjusted with Carrying value or transfrred to Profit & Loss Account? Which standarad is applicable in this case?

 

 

Regards,

Krunal L. A.

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On 08 November 2013 at 16:08 Report
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Guest

Refer AS-11, or if ur client is limited company then u can also refer to 46a of AS-11.

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On 21 December 2013 at 17:21
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ACCOUNTANT
767 Points Joined January 2012

i agree with manish

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On 22 December 2013 at 16:30
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Chartered Accountant
815 Points Joined October 2009

Refer AS 11.

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On 19 June 2014 at 19:57


CCI Pro

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