Cost audit
This query is : Resolved
05 August 2012
Hi...
What is the treatment of Foreign Exchange Fluctuation Gain/Loss in Cost audit???
Is it a cost Or Non Cost??& Why??Please give me a reason.
What is the treatment of Foreign Exchange Fluctuation Gain/Loss in Cost audit???
Is it a cost Or Non Cost??& Why??Please give me a reason.
06 August 2012
as per AS11 FX gain/ loss goes in to P&L Account and can not be part of cost of P&M or any other asset. The companies Act is also amended suitably.
may be you can refer Cost Accounting Standard.
may be you can refer Cost Accounting Standard.
06 August 2012
For Costing,
In case if It is related to material,is it a cost??
If no,what is the treatment??Is it included in reconciliation???
In case if It is related to material,is it a cost??
If no,what is the treatment??Is it included in reconciliation???
19 September 2012
Yes it is included in reconcilation statement....... all costs that do not form part of normal production are shown in reconcilation......
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