Accruals and Provisions in foreign currency

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Accruals and Provisions in foreign currency

kamranACA
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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.

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Accruals and Provisions in foreign currency - by noman - 03-25-2009, 08:27 AM

[No subject] - by kamranACA - 03-26-2009, 12:09 AM

[No subject] - by noman - 03-27-2009, 11:33 PM

[No subject] - by kamranACA - 03-28-2009, 08:20 PM

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