FCMITD A/c
likith nsvm (34 Points)
26 February 2018
do we need to create FCMITD A/c for foreign currency working capital loan ?
likith nsvm (34 Points)
26 February 2018
satish
(teaching)
(2046 Points)
Replied 27 February 2018
Foreign currrency monetary items translation difference A/c is to be create while translation of foreign operations like Foreign branch, subsidiary, association and joint venture.
in your case no need to open FCMITD A/c.
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