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ACCOUNTING TREATMENT FOR DIFFERENCE IN FOREIGN EXCHANGE RATES, Accounting - Auditing |
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ACCOUNTING TREATMENT FOR DIFFERENCE IN FOREIGN EXCHANGE RATES |
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A company imported machinery in month of Jan'14 from Sinagpore and installed and put to use before 31/03/14 but payment for same was made in May'14. Please advice how foreign exchange difference will be dealt with as on 31/03/14. Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear S.C.Wadhwa, Please check AS-11 in this matter. Regards YAGAY and SUN (Management and Indirect Tax Consultants)
Dear S.C.Wadhwa, Link to AS-11 for your ready reference. http://www.mca.gov.in/Ministry/notification/pdf/AS_11.pdf Regards YAGAY and SUN (Management and Indirect Tax Consultants)
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