https://www.taxtmi.com/forum/issue?id=107335 Accounting treatment of foreign exchange differences on an advance payment for imported machinery is governed by Accounting Standard 11. Apply AS 11 principles to determine measurement, recognition and whether exchange differences up to the balance sheet date are recognised in profit or loss or adjusted to the cost of the related asset, and to satisfy AS 11 disclosure requirements for transactions settled after the reporting date. en-us Sun, 14 Sep 2014 19:10:12 +0530 Thu, 23 Jan 2025 15:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107335 Accounting treatment of foreign exchange differences on an advance payment for imported machinery is governed by Accounting Standard 11. Apply AS 11 principles to determine measurement, recognition and whether exchange differences up to the balance sheet date are recognised in profit or loss or adjusted to the cost of the related asset, and to satisfy AS 11 disclosure requirements for transactions settled after the reporting date. Discussion-Forum Companies Law Sun, 14 Sep 2014 19:10:12 +0530 https://www.taxtmi.com/forum/issue?id=107335