Assets Capitalization.
This query is : Resolved
19 September 2008
If an asset is imported against 100% advance, should it be capitalized at exchange rate as of date of payment or as per bill of entry?
Thanks & Warm Regards
Veda Prakash
Thanks & Warm Regards
Veda Prakash
Guest
Guest
(Expert)
19 September 2008
In your cash asset shall be accounted at the exchange rate of the date of BOE and difference shall be transferred to Exchange Gain or Loss a/c.
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