Foreign currency transaction

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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December 4, 2017 at 7:53 pm #420368
vikulchik07
Participant
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Hello!
1.Are monetary items only TR and TP?
2.The exchange gain or loss must be included in P/L? Nothing in NCI?
Thanks in advance!
December 4, 2017 at 11:54 pm #420461
MikeLittle
Keymaster
- Topics: 27
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1) what about cash at bank and cash in hand?
2) nci gets their share of after tax profits
So, by deducting exchange gains or losses from the profit figure before taxation, that reduces the base figure from which nci share is calculated
OK?
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