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Forward contract

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2013 How Forward contract is recognised in Financial statements?
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CA Sanjeev Kumar

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CA Sanjeev Kumar (Expert)
09 November 2013 As per IAS-32, 39 & IFRS-7, 9 & 13, the disclosure is :
If unrealized gain then show in asset side,
If unrealized loss then show I liability side.

Unrealized gain/loss = market value less amortized cost.

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