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Accountancy

below sum , I solved using para 46 A.check whether my answer is correct or not . Note: As per para 46A. Exchange loss on settlement, transferred to p&l. Exchange loss on balance sheet date added to cost of asset as per para 46A

Screenshot_2023-11-07-08-32-36-61_2b00637fb5ae19be7de422e642f85679.jpg

Krishnan K

CA Inter

★ 5K+

07-Nov-23 08:37

513

Answers (6)

Exchange loss on settlement can also be added to cost of asset.

CA Suraj Lakhotia

Admin

07-Nov-23 11:43

CA Suraj Lakhotia Admin

Exchange loss on settlement can also be added to cost of asset.

Ok sir

Thread Starter

Krishnan K

CA Inter

★ 5K+

07-Nov-23 17:00

Thread Starter

Krishnan K

Ok sir

Sir In case of FCMITDA Forex gain on (settlement or B/S date) shall be credited to FCMITDA Forex loss on (settlement or B/S date ) shall be debited to FCMITDA Am I right sir?

Thread Starter

Krishnan K

CA Inter

★ 5K+

07-Nov-23 17:06

Thread Starter

Krishnan K

Sir In case of FCMITDA Forex gain on (settlement or B/S date) shall be credited to FCMITDA Forex loss on (settlement or B/S date ) shall be debited to FCMITDA Am I right sir?

???

Thread Starter

Krishnan K

CA Inter

★ 5K+

08-Nov-23 12:41

Thread Starter

Krishnan K

Sir In case of FCMITDA Forex gain on (settlement or B/S date) shall be credited to FCMITDA Forex loss on (settlement or B/S date ) shall be debited to FCMITDA Am I right sir?

Yes.

CA Suraj Lakhotia

Admin

08-Nov-23 14:26

CA Suraj Lakhotia Admin

Yes.

Thank you sir 😊

Thread Starter

Krishnan K

CA Inter

★ 5K+

08-Nov-23 14:28

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