Analysis of Clarification issued by MCA Dated 9-8-2012

Nirmal Shah , Last updated: 01 September 2012  
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Accounting treatment of Foreign exchange fluctuation (Forex) is covered under various standards as follows: AS 10 - Forex on liabilities for FA purchase etc, AS 11 - Forex on Monetary items, forward cover forex, forex on Long term monetary items etc, AS 16 - exchange differences

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Nirmal Shah
(Chartered Accountant)
Category Accounts   Report

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