ACCOUNTING FOR DIFFERENCE IN FOREIGN EXCHANGE RATES

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..... ACCOUNTING FOR DIFFERENCE IN FOREIGN EXCHANGE RATES
Query (Issue) Started By: - S.C. WADHWA Dated:- 14-9-2014 Last Reply Date:- 14-9-2014 Accounting - Auditing
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Companies Law
A .....

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..... Company had given advance of USD 5000 towards purchase of machinery from China. Advance is given dt. 12/02/14. Remaining payment of USD 15000 is made on 15/04/14 and machinery is imported dt. 14/05 .....

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..... /14. Please advice how foreign exchange difference will be dealt with as on 31/03/14. Reply By Pradeep Khatri: The Reply: Dear S.C. Wadhwa, Please check AS - 11 in this regard. Regards, YAGAY an .....

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..... d SUN (Management and Indirect Tax Consultants)
Discussion Forum - Knowledge Sharing .....

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