As 3 treatment of forex loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 November 2018
When Asset is bought from outside India on credit and we apply notification (added to cost of asset), if loss happens we add the extent of loss to the cost of the asset and the value of the creditors is increased to that extent. When we prepare cash flow statement, what is the treatment to be done with regard to the above case?
09 November 2018
extra payment on import or forex flectuation is utilization of fund.
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