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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Foreign exchange gain/ loss on assets acquired in foreign cu
Replies (3)
Refer AS-11, or if ur client is limited company then u can also refer to 46a of AS-11.
i agree with manish
Refer AS 11.
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