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(Querist)
15 July 2011 What should be the Accounting treatment of PCFC loan?

How exchange fluctuation loss or gain should be treated?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 July 2011 Like a normal loan taken and be converted into the applicable foreign currency rate on the date of taking the loan and the exchange fluctuation loss or gain should be charged to the P & L a/c.

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