abhishreshthaa
Abhijeet S
Foreign currency transactions are accounted at the exchange rates prevailing at the date of the transaction.
Gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.
Exchange differences relating to fixed assets are adjusted in the cost of the asset.
Gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.
Exchange differences relating to fixed assets are adjusted in the cost of the asset.