CA Sansaar
- All Categories
- Income Tax (1633)
- Students (770)
- Service Tax (497)
- Corporate Law (465)
- Audit (399)
- Accounts (340)
- VAT (277)
- GST (145)
- Excise (106)
- Finance (105)
- Banking (46)
- FEMA (40)
- Custom (29)
- Shares & Stock (18)
- IFRS (18)
- Income Tax Software (5)
- Cost Inflation Index (1)
Recent
- GST Notice Received: How Should a Taxpayer Respond?
- CA vs CMA: Which is better?
- Can a Chartered Accountant Sign Estimated Financial Statements?
- Want to assist in Forensic Audit
- Revising 3CA 3CD to 3CB 3CD
- LFAR in Bank Branch Audit - Clause-by-Clause Discussion by CA Vivek Khurana Notes required
- Bank Branch Audit
- Got high refund
- Form 67
- GSTR9
- Partner of CA firm required
- RENEWAL OF REGISTRATION
- financial statements
- income Tax
- ITR Filing
- Property Attachement
- Liability of Independent and Non-executive director
- financial statements
- stock statement procedure for bank od loan
- ITR FILING OF ARMY UNIT
- signing of Project report
- NON CORPORATE BALANCE SHEET FORMAT
- CA FINAL
- Accounting Treatment of Mutual Fund under IndAS
- ITC Availed & Utilized on Supply from Non-Existent Firms
- GST Liability of Award received by a Company
- Reund of TDS Excess Deposited
- Income Tax TDS
- gst
- Reconstitution of partnership firm in case of death of partner and introduction of new partner
- Consolidattion of financial statemement
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- NR GST NUMBER
- Presumptive Income
- tax audit late filing penality provision applicable f.y.23-24
- Interest in outstanding demand
- sale turnover declared as per books or AIS show in itr f.y.23-24
- GST
- tax audit or normal itr filed f.y. 23-24
- PF Withdrawal and ITR
Q. > Please Help: Foreign Currency Revaluation
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.
Experts Panelist
Rambabu Senkarasetti
Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 409
CA Satuti Mahajan
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 291
Vikash Kumar Jha
Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 270
Rishabh Upadhyay
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 257
Ashish Karundia
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 257
Mrattunjay
Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 220
PRIYANKA
Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 136
CA. SURESH Kr. AGARWAL
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 131
Vaneet Gupta
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 120
Ketan Samdani
Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT
Answers Posted : 117
4894
QUESTIONS
4699
ANSWERS
833
EXPERTS
2729
QUERIST
Comments
SUBHASH KUMAR JHA
26-Aug-2013 , 01:02:15 pm1st check the the dollar rate on 31.03.2013 and then adjust this by passing the entry XYZ Ltd. Dr. To PL OR, PL Dr. To XYZ Ltd. Thereafter adjust this figure with the rate on 22.08.13 in the same way.
Vaneet Gupta
27-Aug-2013 , 10:15:53 amDear Subhash, Thanks for the revert. As per certain guidance / clarification by ICAI, Capital advances cannot be revaluated. My purpose for this query is to confirm the rate at which Fixed assets to be capitalised in the books.
Vaneet Gupta
27-Aug-2013 , 10:16:00 amDear Subhash, Thanks for the revert. As per certain guidance / clarification by ICAI, Capital advances cannot be revaluated. My purpose for this query is to confirm the rate at which Fixed assets to be capitalised in the books.