Exchange diff.
This query is : Resolved
02 July 2009
Dear All
Pls. confirm that whether the realised and unrealised both gain/loss be booked in return of income. What AS-11 speaks in this regards
Pls. confirm that whether the realised and unrealised both gain/loss be booked in return of income. What AS-11 speaks in this regards
02 July 2009
Yes, you need to give the effect of diff. in exchange rate as on balance sheet date as per AS11.
You need to give the effect of such to profit & loss a/c.
You need to give the effect of such to profit & loss a/c.
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