The company in Thailand had invested to company in Indonesia by USD currency which this is the long term investment for obtaining the dividend. Thai Company have recorded this long term investment by the exchange rate of payment date. Is it correct?, and company need to calculate and record gain(loss)on exchange rate from its evaluation or not?
Panwa: Yes, it is correct and company do not need to calculate and record gain (loss) on exchange rate for its evaluation due to there is no remaining commitment in foreign currency at end of accounting period.
For more information, please feel free to contact us:
Phone : +66 2 933 9000
Fax: +66 2 933 6120