So it means that both realised & unrealised f ex P/l will go to P/l account ? And no reversal of entries is carried out in next year for unrealised part
18 June 2014
yes, it will hit P&L expect FE generated on capital items, in case of Capital items which you going to capitalize or capitalized, realized fe will be capitalized, you may or may not reverse in next year unrealized part, its upon policy u adopted in ur concern. in case u reverse the impact of unrealized part, ur Liability/asset will become on original FE rate, and if u dont reverse, it will be revalueted.
CAclubindia
