As-11

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urvashi maheshwari (Querist)
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29 December 2011 whether we can transfer the foreign exchange difference arising on long term liabilities to Foreign currency translation reserve or whether it has become mandatory to charge the same to charge it to p&l account as per AS-11?

Mahesh Paryani

Mahesh Paryani (Expert)
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29 December 2011 Dear Urvashi.

Please read the notification carefully.

you have been given the option to accumulate it to reserves or charge to profit and loss account
onse the option is exercise it cannot be changed

and this is available for forex difference between a certain period

Regards