14 November 2012
Dear sir, I Have a small query towards foriegn exchange I bought a motor vechile from usa with my uncle.At the time of purchase dollar price is 48.but after 3 months $ 49.what price i have to shown in my books?
16 November 2012
What amount you have paid and incurred to get that motor vehcile only you can show as asset value in your books. (I hope you have not purchased on credit and still not paid the amount).
CAclubindia
