Can someone please explain me about para 46 A of AS 11. Its urgent
2 Replies
CA Sachin Rastogi
(Audit/IFRS Manager)
(338 Points)
Replied 31 July 2012
Can u mention what is para 46A of AS-11.
Nitesh Chordia
(Business)
(231 Points)
Replied 22 September 2012
if a loan is taken for financing any machinery, in foreign currency, then any exchange difference arising on subsequent recogntiion on b/s date is to be capitalised in cost of machinery and if loan is long term but not for financing any machinery then any exchange difference arising at b/s date is to be transferred to foreign currency monetary item translation difference a/c (foreign currency mit difference a/c)
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