what will be the accounting of exchange difference arising on loan taken in foreign currency for purchase of an assets. Diff. arising due to revaluation of foreign borrowing will be capitalised with assets or expensed in profit or loss account.
26 April 2010
Pl see companies (Accounting Standards) Amendment Rules,2009 in the following link. https://www.caclubindia.com/notice_circulars/notice_list_detail.asp?notice_id=1918
CAclubindia
