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Company A Limited has given capital advance amounting USD 100 (USD 1 INR 55) to XYZ limited USA on 25th Mar13. XYZ Limited USA deliver the assets on 22nd August13 (USD 1 INR 65). Please advice how the foreign currency revaluation happen and capitalisation of assets advances to be recorded in the books of Company A limited,starting 25th Mar13, considring that the financial year for A limited is Apr-Mar. Please share the rate at which Fixed assets will be capitalised |
