06-24-2009, 11:59 PM
Thanks for the reply.
In Rs.60m, there must be some portion of exchange difference and some portion of revaluation loss. Fine to recognize in equity but where to classify Rs.60 m
1) Whole amount In revaluation loss ?
2) Whole amount in exchange difference ?
3) Some portion in exchange difference and some in revaluation loss ?
Can you prepare journal entry both $ and Rs.
Thanks
In Rs.60m, there must be some portion of exchange difference and some portion of revaluation loss. Fine to recognize in equity but where to classify Rs.60 m
1) Whole amount In revaluation loss ?
2) Whole amount in exchange difference ?
3) Some portion in exchange difference and some in revaluation loss ?
Can you prepare journal entry both $ and Rs.
Thanks