foreign denominated asset

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Rameez Anwar (Querist)
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05 September 2008 What is 'asset denominated in foreign currency'? How should the exchange difference as on year-end date be treated as per AS 11?

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

Taranjit Singh

Taranjit Singh (Expert)
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06 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

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Rameez Anwar

Rameez Anwar (Querist)
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06 October 2009 thanks taranjit for opening this cobwebbed query.
Yes please, i would appreciate your opinion/guidance.