16 April 2013
Hii Do we covert our investment in non integral operation at closing rate.. If yes.. Then how we will knock off our investment with share capital of holding company during consolidation? Is fctr on translation of investment is a part of cost of control. ?
02 June 2013
Once you have imported any material the same is taken at the price prevailing on the date of arrival and accordingly the loss or profit on foreign exchange fluctuation if booked and there after it is cost or market which ever is lower or if you have consumed then nothing to do with it.
CAclubindia
