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Foreign exchange gain or loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 May 2013 Where to show foreign exchange gain or loss?
Whether it is to be shown in P&L or BS?
Please reply....
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 May 2013 It is based on the transaction nature. refer AS-11 for complete guidance

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