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fixed assets valuation

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2010 If fixed assets are purchased from abroad on credit basis, and the payment is made later then what should be the treatment for the foreign exchange fluctuation?
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Zeeshan

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Zeeshan (Expert)
30 December 2010 Charge it to Profit & Loss account.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 December 2010 somebody told to me fixed asset value include exchange rate fluctuation also. pls clarified to me...
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