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Significant Accounting Policies - Reliance Industries

Significant Accounting Policies ... Initial direct costs in respect of lease are expensed in the period in which such costs are incurred. Income from lease ... transaction or that approximates the actual rate at the date of the transaction. b. Monetary items denominated in foreign currencies at the year end are restated at year end rates.

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  Cost, Transactions, Accounting, Initial, Incurred

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