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ACCOUNTING TREATMENT FOR DIFFERENCE IN FOREIGN EXCHANGE RATES, Accounting - Auditing

Issue Id: - 107336
Dated: 14-9-2014
By:- S.C. WADHWA

ACCOUNTING TREATMENT FOR DIFFERENCE IN FOREIGN EXCHANGE RATES


  • Contents

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.

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Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 14-9-2014
By:- Pradeep Khatri

Dear S.C.Wadhwa,

Please check AS-11 in this matter.

Regards

YAGAY and SUN

(Management and Indirect Tax Consultants)


2 Dated: 14-9-2014
By:- Pradeep Khatri

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)




Page: 1

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