If parent company in US and subsidiary company in India. now Indian company is proving service to US parent company how to consider exchange rate in case of sale bill.
04 November 2016
The bills are raised in INR. Hence the Indian Company does not have to think of exchange rate. The fluctuation RISK is that of Parent Company.
04 November 2016
If billed in foreign currency than you have to book invoice date prevailing rate of exchange equalent to Indian Rupees, during receipt of money any variations in exchange rate booked under exchange gain/loss fluctuation a/c
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