Purchasing in PKR, paying through $ account IAS 21

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Purchasing in PKR, paying through $ account IAS 21

maani
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#14

10-28-2009, 03:40 AM

Hi,

yes, exchange gain / loss will be computed....asset will be measured by applying exchange rate prevailing on the date when risks and rewards will be tranferred....consider this example

01 Mar 2009 Advance made for capital expenditure, functional currency is Rupee and the asset's invoice value is $2....Exchange rate $1=Rs 80

Dr Advances 160
Cr Bank 160

30 Mar 09 Shipment received....Exchange rate $1=Rs 90

Dr Asset 180
Cr Advances 160
Cr Exchange gain 20

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Purchasing in PKR, paying through $ account IAS 21 - by Shahzad09 - 03-24-2009, 01:23 PM

[No subject] - by Shahzad09 - 03-25-2009, 10:53 PM

[No subject] - by kamranACA - 03-26-2009, 12:06 AM

[No subject] - by kamranACA - 03-26-2009, 05:36 PM

[No subject] - by Star - 03-27-2009, 06:50 PM

[No subject] - by kamranACA - 03-27-2009, 08:20 PM

[No subject] - by Star - 03-28-2009, 07:15 PM

[No subject] - by kamranACA - 03-28-2009, 08:13 PM

[No subject] - by Star - 03-30-2009, 06:11 PM

[No subject] - by kamranACA - 03-30-2009, 06:50 PM

[No subject] - by Shahzad09 - 03-31-2009, 05:19 PM

[No subject] - by kamranACA - 03-31-2009, 10:19 PM

[No subject] - by Shahzad09 - 10-26-2009, 08:29 PM

[No subject] - by maani - 10-28-2009, 03:40 AM

[No subject] - by Shahzad09 - 10-28-2009, 08:27 PM

[No subject] - by Shahzad09 - 11-02-2009, 01:08 PM

[No subject] - by maani - 11-03-2009, 06:17 AM