29 September 2013
please clear your think about foreign accounting because it is creating some confusion. if you are thinking what are the treatment of the Foreign accounting in india then go
Accounting Standard (AS) 11, The Effects of Changes in Foreign Exchange Rates (revised 2003), issued by the Council of the Institute of Chartered Accountants of India
08 October 2013
Each and every country have their own rules of accounting and you have placed your question without mentioning the name of the country for which you want to know about the accounting procedure. The experts have rightly stated which country.