03-26-2009, 12:09 AM
Dear,
All monetary items have to translated at the spot rate of balance sheet date. Accordingly the provisions/liabilities you have mentioned would be translated at balance sheet date's spot rate and difference will be taken to gain or loss on foreign currency translation account.
Regards,
KAMRAN.
All monetary items have to translated at the spot rate of balance sheet date. Accordingly the provisions/liabilities you have mentioned would be translated at balance sheet date's spot rate and difference will be taken to gain or loss on foreign currency translation account.
Regards,
KAMRAN.