Dear Professor
I wish to know where do the foreign exchange differences arising on retranslation of NON-MONETARY ASSETS( under revaluation model) go?
Many thanks:)
Ask the Tutor ACCA SBR
forex differences on retranslation
5y ago#1PPE - XD to OCI
IP - XD to P&L
So, the XD follows the underlying gain or loss - agriculture is P&L so XD on a foreign cow would be P&L as well.
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