03 September 2009
As per As-11 Rules 2009 , Exchange difference arising on Depriciable capital assets is to be capitalized but at the same time increase/ Decrease in liability how to be account?
1. Increase/Decrease in Liability or 2. Increase/Decrease in General Reserve
Plz Kindly inform how to account for increase/ decrease in liability ?
CAclubindia
