 अ डोनेशिदते लेका झेएन उVERM जब नगा पन अपने लुक लिन है उVERM वो ठिया टीस था 2. अपने उपने लिए वूि Road ता निसरुम । । । । । । । । ।- ।, । । । । ।, । । । ।, । । । । । । । । । । f倉 । । । । f । this standard apply of foreign currency transaction ।ique competition । yeah you ra । । खोग्रूस. खोग्रूस. अग्रूस कम कई सणहसेम यकयाony स क्ऺटी. आच्वटी. अग्रूस 장 में. आच्वटी सणहसेम खच्टी. खडित है. जो स्वबी अग्रूसवर सिथ हुझ्टक, ॐक Services & w- Visent Service वज्गी. जब सेव उच्व�פ queda मुर्ँल्गा after the income, should we recorded as income based on the type of income and not based on the currency. वाँ वाँ वाँ वाँ वाँ वाँ वाँ वाँ वाँ or foreign currency income, the principle of recording the income is same, that means when you are sure that you are going to receive the money, how much you are going to receive the money and you have earned the income. मुर्ँल्गा । if you are not sure, then you do not recognize the income, you recognize the income when you have received it.द्रनेबालग। क्टमान उन्चि Verb अदै ्धेखा रअ दे लेज हीstars मुतको क्यछाद वै रदाकोरना ऴेच अचल करूे Continue ੧ 是 ੧ывать ੧ੜ੥ੜ੥੥ੜ੥੥ੈੱ੭ੂ੫੾ੱ੥ੋ੥੤ੜ੤੥੽੤੥ੀ੤ੂੜ੍੤੭੍੤੉੝. заявimonies the difference between the recording of income and the receipt of income, is booked as gain or loss on foreign exchange any questions on this revenue expenses insurance claim insurance claim variance claim in foreign currency when do you record income from insurance claim when the claim is admitted by insurance company you lodge a claim Okay yes sir then the claim is watched except it over the claim is entertained basically they accept the claim yes but the amount is not finalised yes sir this step amount is not finalised then third is when the amount is finalised and fourth is when you received the amount so lets take it as three stage मुत्टाउ, ज़ोड़ोरका बी लोज़ है, वागे ढीग की एक छुपॉक जोड़ोर का, छब साथब लोज़ और वी चालिझाँ वो आपका दूलोगजाजाच्टूपूक ausamarte. जाटोर का बी लोज़ी तैप्ष्टा के यहा भी लोज़ी तेप्प्षक बी कि कुक. यह स Someone says please pay only 80 thousand dollars ञीण कि आसिरडयते है Mysterious Ask order the answer यह से जाकती है अगٹ थी आसी ठंटिजी आसी बते आप there and hundred note सोपो को आप इसकली کرने करने अद falls Öquery l сам बोट उनक्र हरठी खाँ से srestinalकस करनेरे बय 내려 कि और शवा होई में under!. रहे बी गर वो कह कभी लेहा ? आपिज़ी अप लिए एकच्चा नcool and Click.. आपिब आपिब यह ज breaking up आ। ईर रुव ड़ातादढ, रह़व दईर 650ीच्षे। आपिब अरई ली del stuff इस स्विल फ comb वो इस रफ़ा, धोरहON आपिब यह ड conve इस! बाशेत खी वो प्य perfection प्यटीवच वाहकोती is loss of income. if my estimate was 70,000 and they finalized 80,000 10,000 additional income i will book on 31st of December. if my estimate was 85,000 and they passed 80,000 then 5,000 additional loss will be booked on 31st of December. So my first entry will be on 1st of April my second entry will be on 31st of December and i'll finally receive it on 1st of February. These are the three times ఇర్తిండినిచ్లంి. ఇరించిమెవైక్లు Powell అథిస్వర్ర్రలీ ఇతిస్ఎద్ట్వి. మ్ట్డిింద్నిసిడార్. లినుటరాసిల్యరి. ఇంత్క్టతారార్యరాార్ नहीं खमजा बद sono दिखवाऊनळ फ्रडynam दीखवाऊनळ ईतोおっहाँ लितिन करते है कुछृ Mystery ये, 대해서 विच साभ थरेदबनी लगत कोंणी, उरहीं एक गव़ोरे कोंव नहीं, च्याई साँलें ढिएद. और जी उल अप सकन थुट वो आप शब और ठूएत हैं. उल वो बुगड वो पूट जेद. च्याई टर्द उल और अप एज़ में कब च्याई और बआप हो ऴूझें, जाई च्याआई च्याख। लोत है. तहीख तव्र्ज्टटिजगे कहगाईउम नहींं के नहींगाईउम अप यही थाई अशावनागग्छाईउम crystal-b-new-exchange-rate रूचवान दिनलात्नाद्वीम ट़ादोब कीक होडोलیग WrestleMania भाईबाapprove Warner Runner द्खेश के द्धानी टिखनाद्नादन दी 벌 Kṛṣṇa ञाछ ना� pride on a त subconscious झंध देः भाई़़़ी तरभाなので चवजत् का ज्वार थी वी क्या ड़ृे weekend गदाते । म Можетा औ discours ofwat आप सचना, बतिये वै off at colour wire �ú pictures दे भी आप स्वि aucun यूँ P- and you pay on 15th of July, ॐ ौ elder age is 60. just for ease of transaction. ृ so on fifth of July, my accounting entry will be expenditure debit. 15-100 is 5000, too liability. ृ now when I am making the payment, the rate is 60. 所以 what I will do is loss on fluctuation. असाहतंगे किट़छ़ा से सक्टिकटा� lost सी सर अस launched असाहता अजा लग गए incidence कच्रोदी पर कीटाटे de मसलत पहइयायता सब remains ज tighten तो आच satisfying रवेन्या सब अब बादा यह यहँखेझा है तो वत्वल � only the expenditure primary कै वहाओ को लगन को लगन जार seems the bill along with goods को लगन को लगन को लगन को लगन को लगन को लगन को, how do you receive the bill of michels. आद टी दान को लगन, and then you receive the chemicals. आछ़ेते ख़ोट कजी मोर्तडी छाज साव कलोगागेजागे रवावें. you make a payment then you receive the chemicals and along with chemical you receive a proper invoice. ठीट और गाई कोईएिँ आपटी आपिट वोगागेगेगेगेगेजगेगेगेगेगेगेगेगेगाई. Now, let's take example wherein chemicals cost hundred dollars. When we made the payment of fifth of july the rate was to say 50, five zero okay. वो अगर ज़ूँ को नहीं की बाजा कि अवलागा लिए गा। ये तो वो वंझाने तूछ भी वहाँत हुँ चर्टूँआ ळब वर। दे है, वो जै कुरिक करंगिस तूछ, परुएब लिए दे वो वी नूज़ू supplemental अन� klim uncover car Mystery कीतर को का साते की जागनिको काते Conservation जागनिको की जागनिको की histogram मैं का यह गदे आँ आँ है। वह पत्र कोरीट रवी चने हैनी। वह आँ वह गदे और भी द़ूएजनिने से शुवांगे। वह देवाई आँ दीशने वेग हैं। PINN awarded Rs. 5000.ोगर तो भी नहीं पीशने करषात हैं. आचके ख़़ी वोगर रवी। ये 40 अता तो लोस हो जाता अप दिष्टन ड़ अप्टिक चाहें किस प्रपस टे क्या न्रद न्ध्चोंगा लगावन्भे शोग अर रहें? आप आप धूँए यह मुम। अब बादा के रहा है, अब बादा। अब यह मटरख इंच्छुए अप यह मैसे के भी स्वाय साविए, अब भी इंच्छु भी अवाय साविटूग, अब बादा बादा, अब वो बबदा की हूँ, जब ओ�迎द रई लए of income bantha hey, उस समेंज Told the same days i have to see वअ after i look after the expenditure, जब ओध वै इई कि�でした of foreign currency. व από ऐ immense Kathangi, वब उप एकalu, my income is 6000. ऱफ над me hitting only 5000. औग मैसना आप च सलЭ, So it is just the 1000 loss. और इस अए घ bay 1000 loss happen, बूँआ पंदर तरलिक को नहीं को form acting this state of foreign currency increase. मुझे पन्दातारिक को मिलता, मैं अदवान्स नहीं देता सपोष मुझे उसको बोलता, I will not, my institute policy is not to give 100% advance. I will not give you any advance. I will pay you on the date when you pay me chemicals. You give me chemicals, I pay it. No foreign exchange, gain loss. मैंने अदवान्स दिया, इस फ़जे से मुझे गेन या लोस हुए. अदवान्स खोल में जो सब फीं आागे। मैं इस थे और सविलाग कर बाले, या वो लिए, then time now, then you will need not... या अदवान्स खोल मैं के लिए थे वेखे पहुआई, बहुँए था अदवान्स वोगे। ॐ ॉ ॏ ॉ ॉ ॉ ॉ ॉ ॉ ॉ और क्रते हजा �儀ने एकर ठीटूग करी भी से हजा है बच्छेँ से च्छीग है बच्छेग अदर है क्रे अआप रहुग के अदर वाच्छेँ एकव वाज्छेच मज्चाआ बच्छेच लगा composed to the lco account भी अच्छीच भी से यान में जी आबगुि। वेश्दादाना धब्रेता, अगगर थे वेश्दाना डबेत दबेता, थक शाथबश्च़ सन्देत आभी देड़। यह लोग � Nak-bhee । एक वेश्दादादा के सब एक लगी ये सभ आँवाए तो वो शिए वेशद शब व simplistic तुचच्चान । if actually the bank has converted into a foreign currency and kept it in a separate account so that means you have given an advance because that time the exchange has been converted on the type of that so on that rate you will on that date and on that rate you will record an entry of advance to bank and when actually the goods are dispatched on that date on a future date that time you will record a purchase entry or expense entry that time you will record expense to advance and the difference between that date and this rate will be booked as gain or loss on exchange fluctuation clear? clear clear? okay so expense is fine okay travelling we have discussed membership fees see travelling as I said you know if you have gone for 10 days 10 days of average lilo and you record as expense okay now for travelling I might have purchased foreign currency travelling me jane ke pehle before I go outside India I purchased some foreign currency okay that is a advance okay that advance will be converted on that rate in foreign currency in advance then I keep on spending what I will spend it will be converted on every rate the difference again will be recorded as foreign exchange fluctuation okay let's go to KPEX capital expenditure capital expenditure may be advance or pay later both are there both are there both are there okay let's take let's take the simple one first that bill aaya bill aane ke panna din baad yaa mainabar baad you made a payment okay so 5th of July ko bill aaya fixed assets or equipment or whatever you might call it for example 100 dollars 5th of July ko you receive fixed assets along with the invoice okay when you receive the fixed assets along with invoice the entry you will pass this this is clear 15th of July you make a payment 60 you have to pay more loss hai liability credit oga okay so you are passing a total entry liability 6000 liability so he is passing a joint entry that is why I am writing liability 6000 okay how much will it go from the bank 5000 yaa toh pele loss to liability book kari hai loss account debit to liability 1000 1000 liability will become 6000 and then you pass liability to bank or you pass loss account debit 1000 liability 5000 bank 6000 acha yaa pe pele question aaya tha will this foreign exchange fluctuation be capitalized did you get your answer it will not be capitalized okay I will tell you see there was jab AS11 aaya tha when the AS11 was issued it said that when it is a capital expenditure all foreign exchange fluctuation should be capitalized till the time it is paid off jab tak main capital expenditure ka pay nahi kal tha hoon jo bhi foreign exchange fluctuation hai wo sme capitalized hota jaega it will keep on you can keep on capitalizing it okay then 2003 main AS11 revise hua the revise days 11 said whatever capital expenditure you incur should be expense out 2012 main they added a specific paragraph paragraph 46 and paragraph 46 a ye jo do paragraphs hai ye paragraphs bolte hai that now you have two options okay two options is one whatever foreign exchange fluctuation is there on the fixed assets you capitalize it and create a deferred revenue expenditure on the liability side normally you should expense it out one option is you expense out and clear it up agar mujhe expenditure usko nahi kal nahi hai to main usko fixed assets main as different usko alak se dikhawng I should not add it up and then over next 10 years 2020 tak usme aaya tha till 2020 you should 10 saal mein usko write-off kal to or life of the asset whichever is shorter that is paragraph 46 and 46 a of AS11 till 2020 or life of the asset whichever is shorter to agar life 2017 mein khatam ori asset ki to 2017 tak write-off kal deejay first march we received the equipment bill received but payment was not released payment released after 31st march in such cases what is the entry sir same entry same entry on 31st march you will book fixed assets to liability when you make the payment you will book loss or gain liability debit to bank so you have two options one is you expense out all the exchange gain or loss or second option is you capitalize but whatever option you choose you have to follow it throughout you cannot change your options depending upon which asset it is this happened in 2012 before that from 2003 to 2012 it was mandatory to expense out all the exchange gain or loss you did not have any option on that clear you are saying why the exchange gain or loss is not capitalized what should be capitalized the question is if you refer AS10 AS10 says whatever you have incurred as cost of fixed assets should be capitalized that means you have to measure the cost of fixed asset now when I say what is the cost of fixed asset suppose I would have purchased in Indian currency what would have been the cost 5000 just because I am paying earlier or later the cost has increased to 6000 it is just because of deferment or advancement of payment it is not the cost of fixed asset since it is not the cost of fixed asset my actual cost of fixed asset is only 5000 which should be capitalized I had purchased on which day 31st March why should I look at today's price means you are saying suppose I would have bought a table I would have bought it in 5000 then I would have recorded it in 5000 then I would have seen 30th April today's price is 6000 let's make the fixed asset 6000 is it allowed 28th March healthy open for importing on lab equipment on CIP basis CIP basis 29th March they have dispatched from the airport and the documents they sent on April and the documents reached the bank 27th April in that case and there was a short shipment the goods was on FOB basis CIP basis CIP CIP same cost insurance freight basically all is there headache my headache is nothing so I should record it as purchase when it reaches me the port when it reaches India port or when it reaches your nearest port reached before 30th March so you should record as expense or asset when it reached your port no there was a short supply so whatever supply has been received that much you should record as asset or expense on the day when you have received it no it is not it's a fixed asset so it can be applied only after installation so CWIP capital work in progress it will go to capital work in progress at the amount when you received it at the Indian port yes and one more thing when the entity follows RBI rate of conversion but the invert remittances are charged rate, SBI buying rate are selling rate, there is I think some difference are there see there is always a very small difference between the rate on RBI site or any other site all the bank conversion rate there will always be some small difference but that is very immaterial difference you have to ignore it anyone you follow consistently okay is it clear all the transactions of foreign currency we have covered whether it is income or expense or asset right we will move to the next standard which is AS4 we will move to third standard which is AS5 we will cover either tomorrow or on Friday okay get into a transaction with foreign project right with a certain amount of money and according certain expenses have been incurred thereafter subsequent year they change the budget so the entire transaction the entire amount of the project value is reduced transaction thereof so basically they are funding my project right and I have incurred certain expenditure for the project and received money and I have started incurring certain expenditure then the budget has changed it has reduced and I have to refund the amount okay we have incurred more expenditure and they are not they will not pay me the additional expenditures right see we have to take care of this standard transaction by transaction the entire project is not one transaction when I receive the funds as donation that is one transaction wherein I will record my donation receipts as liability and bank so bank to liability will be my accounting entry that will be at the exchange rate when I receive the donation okay so that much is clear then I start expending those money which I have received right that will be in Indian currency now if Indian currency is in excess of this fund then the balance of the deficit fund has to come from somewhere some other source so as11 will not talk about how you will make good the deficit my query is not that we started for 500 Danish currency 5000 Danish currency the project started on that and they have released 3000 Danish currency and the project expenditures have started accordingly and we have incurred 4000 suppose no we have not incurred 4000 so we are within 3000 subsequent year it is 4000 the entire project has been reviewed at 4000 Danish currency does it have any impact so far as accounting standard is concerned fine how much donation do I recognize do I recognize 3000 or 5000 5000 on the first day okay so that means you are saying two things okay one I am sure or my estimate is I will receive entire 5000 okay so when I am saying that yes my estimate is I will record or I will receive 5000 my accounting entry will be bank 3000 receivable 2000 grant 5000 okay now this entry will be as on suppose I received it on 5th of July so all the conversion rates will be as on 5th of July now suppose it is 1st of Feb so that I talk about 31st March also 1st of Feb this entry is there 31st of March this 2000 is still outstanding okay because this is bank and this is Indian currency this is Indian currency this is the only part which is receivable in foreign currency right so say this time it was 50 exchange rate on 31st March it is 60 so 1st I will convert this receivable at 31st March rate so whatever is the asset or liability outstanding as on 31st March which is monetary asset or liability so if what is monetary and what is non-monetary which can be easily converted into rupees is monetary so this is receivable is monetary so any monetary outstanding in foreign currency should be converted at the closing rate on the reporting rate so my reporting rate is 31st March I will convert this 2000 at the closing rate closing rate is 60 so this 2000 will be converted at this rate on 31st March next year they say that I will not give you 2000 rupees right so this receivable becomes a bad debt say partly 1000 they have not given partly 1000 they have given so what I will do is 1000 which they have not given I will have to adjust with this grant so 1000 which they have given I will record as income or grant and 1000 I will have to reverse after 31st March I will on the reversal date when I know that they will not pay me at that time I will reverse and whatever is the difference will go to PNL as gain or loss the standard is clear yes yes the two different rates are there go to the website to find the buying rate of dollars billing rate of cash there are there are expenses there are expenses when there is a liability of 5000 dollars suppose what is the rate you will apply buy rate or sale rate why because you are buying dollars when there is a set this rate you will apply so something you are going to receive in dollars you will apply sale rate something you are going to pay in dollars you will apply buy rate this buy rate and sale rate is not given in the standards you can even apply a simple average rate to buy and sell yes sir we purchase all our scientific equipment through letter of credit in that we first payment first release we 80% payment on shift of document then on second state goods delivered on third state is expected and checked by the concerned scientist and after restoration we pay 20% payment on which debt we should consider as a transfer of ownership of that equipment on the both calculate fluctuation on the 80% payment and on 20% payment first of all we appreciate your question is perfectly framed that on which date I should first consider it as my capital asset then I will decide what is the rate because my rate will depend upon what is the date when I can capitalize till the time I cannot capitalize it is either advance or it is payables both are different terms the date of capitalization is different it is the date of successful installation date of ownership is different ownership may be transferred earlier but the capitalization date will be later so AS 11 says that in case of fixed assets which take time for installation which take substantial time for installation that is the time when you call it as pre-installation expenses when you can capitalize any pre-installation expenses pre-capitalization expenses you can capitalize those foreign exchange differences anything which goes to自己 capital WIP even foreign exchange fluctuations on those goes to my capital WIP till the time my asset is capitolized any foreign exchange difference till the time my asset is capitalized will be added to my cost of asset if it takes time to install if it takes time to install the capital difference foreign exchanges differences on that capital asset going to the cost of a capital cost to capital should, एकतलेचCool- The important is timing of capitalization, वसडाद्खक lion And when ever it is ready to use, वनोंने बाटफ़ाwer, I will capitalize it. So after it is installation वह आ illustrated एकन में кошताचutet papapaka Explaining I will capitalize it. वगीलाग क्यरेious, जे आसे एकी याสते起來 pay the advances जो के आसा एके ऴcoon whenever it is ready for use those advances या से क हेंगे अशित छाखन थोrose बददितं आद बदख़दा गाएगागाखागागा डुब Muhammad बददितं आदद उद्तादाई pilgrim ज़ो ज़ो सक्छो चुआएगगागागागागाखाखागागागागागाखाएगगागाखागागागाखागागाखागाचाई् तागा आँई और आँई आँई आँई.