Exchange rate fluctuation
Querist : Anonymous
Last Year by mistake exchange rate fluctuation effect not given in the books of accounts.
resulting figure of last year fluctuation is credit balance of Rs. 500000(Assume).
What is the Accounting procedure to deal it in current year.
Whether i transfer it to profit and loss account or not.
Thanx in advance.
also read the link:
http://www.mca.gov.in/Ministry/pdf/Ind_AS21.pdf
Querist : Anonymous
Thanx Sir..
Can you please tell me what is the treatment of this entry in income tax.
Querist : Anonymous
Thanx Sir..
Can you please tell me what is the treatment of this entry in income tax.
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