Capitalisation of forex loss/gain
This query is : Resolved
12 June 2013
please clarify my query that-
if forex gain or loss arise on payment of due amount on purchase of fixed assets.
and forex gain or loss arise on end of the year.
how i have to account this forex loss or gain.
if forex gain or loss arise on payment of due amount on purchase of fixed assets.
and forex gain or loss arise on end of the year.
how i have to account this forex loss or gain.
12 June 2013
as per AS 11, The exchange difference shall be reported in profit and loss account
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