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AS 11

Accountancy

Can anyone send solution of this problem?

Mainak Chakraborty

CA Inter

★ 0

23-Aug-24 19:22

145

Answers (3)

Best Answer

Refer to the first answer. Accounting - Mock Test - Oct 2020 - A - CA Inter (New) https://1fin.link/resource/c801f36ffbee43019d0cc405429ad8d1/b1bc74f4857c480397160216812d54f0

CA Suraj Lakhotia

Admin

27-Aug-24 12:42

1 cr is exchange loss, (50L*2) and expensed to p&l becuase it is not a qualifying asset, because it will be ready to use from the date of purchase Depr is 10L US dollars

R Yashwanth Kumar

CA Final

★ 87K+

23-Aug-24 20:14

CA Suraj Lakhotia Admin

Refer to the first answer. Accounting - Mock Test - Oct 2020 - A - CA Inter (New) https://1fin.link/resource/c801f36ffbee43019d0cc405429ad8d1/b1bc74f4857c480397160216812d54f0

Thanks, it is clear now

Thread Starter

Mainak Chakraborty

CA Inter

★ 0

27-Aug-24 13:16

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