In valuation of goodwill what will be the impact of foreign exchage gain or loss in calculation of capital employed.
1 Replies
Hemant Pandit
(articl assistant)
(284 Points)
Replied 16 May 2014
you need to reinstate your current assets and current liabilities at closing rate
if any long term loan is taken in foreign currency also to be reinstated at closing rate and interest amount to be paid in foreign currency and recorded in P/L in rupee terms by converting it using closing rate
while calculating capital employed you need to consider reinstated amounts..
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