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treatment f.e. fluctuations

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(Querist)
06 June 2009 Kindly advise the treatment of F.E.Diff against repayment of F.C. Loan(long term)availed for fixed assets, if we paid in installments. Whether it could be added to Fixed Assets or to be shown in P&L?.

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M Prabhakar Menon

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M Prabhakar Menon (Expert)
06 June 2009 ICAI has issued accounting standards for FE w r t fixed assets accounting U should follow that.

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