Easy Office
Easy Office

TREATMENT OF CONVERSION CHARGES

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 February 2008 WHAT IS THE ACCOUNTING TREATMENT OF CONVERSION CHARGES AND COMMISSION CHARGED BY BANK FOR CONVERTING THE RUPEES INTO DOLLER FOR PURCHASING THE NEW ASSETS FROM OTHER COUNTRY ( IMPORT )
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
19 February 2008 You have to capitalise these charges to the asset procured.
Profile Image

CA. Dashrath Maheshwari

Profile Image

CA. Dashrath Maheshwari (Expert)
19 February 2008 All expenses to bring the asset upto working condition, should be capitalised. therefore you should capitalize the charges.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links