CA Day celebration 2024 Easy Office
LCI Learning

Treatment of foreign exchange fluctuation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 June 2012 what is the treatment for the Gain or loss arises from foreign exchange fluctuation on Purchases ?

Whether it is deducted or added to purchases or shown as separately in Profit & Loss A/c ?
Profile Image

Sanjay Chauhan (IFRS)

Profile Image

Sanjay Chauhan (IFRS) (Expert)
23 June 2012 As per revised schedule VI, it has to be clasified as 'Other expense' or 'Other income' in the income statement.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links