As-11

KRISHNA (CA-STUDENT) (371 Points)

17 March 2012  

Q1)X LTD does its foreign operation in the form of foreign BRANCH(Non Integraded Foreign Operation)

a)what would be the treatment for exchange difference 

b)How would ur ans differ if the foreign operation was a SUBSIDARY(Non Integraded Foreign Operation)

Q2) If the Balance Sheet of Foreign Operation(Non Integraded Foreign Operation) has 

ficticious assets/ liabilities like (Disc on issue of shares etc....), what woud be the exchange rate for translating in reporting entity