Mach purchased in foreign currency

madhur gupta (student/article ) (1022 Points)

11 January 2011  

Hello friends

one co.has imported machinery and payment is to b made in now foreign currency

now exchange difference arising due to difference in dates of purchase and payment

to be capitalised or charged to revenue.

i am very much confused about amendements made in  AS11 in past one year.

plz reply as per current amendment applicable as mach.is imported in 2010-11

thnx