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Re: Credit note in Foreign Currency

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..... Re: Credit note in Foreign Currency
Query (Issue) Started By: - PONNADA B K RAVIKUMAR Dated:- 17-9-2010 Last Reply Date:- 1-10-2010 Other Topics
Got 2 Replies
Indian Laws
We are importing .....

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..... soup in the month of april’10 and May’10 the Exchange rate in these months are Rs.43 per Euro and Rs.43.60 per Euro and accounted , after that these two consignments are rejected, so we got the Credi .....

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..... t note dt 30.04.10,but we received in the month of Sept’10, so which rate we have to account this credit note Reply By GOPALJI AGRAWAL: The Reply: The date of credit note or month of receiving is not .....

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..... so important as the date of crystallisation of claim. The transaction should be recorded on the date on which the claim becomes certain. Reply By PONNADA B K RAVIKUMAR: The Reply: so what rate i have .....

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..... to account this credit note, whether @ 43 or 43.60, pls confirm sir
Discussion Forum - Knowledge Sharing .....

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