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Foreign exchange gain/loss (Accounts)

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This query is : Resolved

Author : Anonymous

( Author )
02 June 2012
02.06.2012
Sir,
If any export company earned or suffered from huge gain/loss from foreign exchange fluctuation, should it be booked as deferred revenue income or expenditure?

Please advice.

With thanks


B.Chackrapani Warrier

( Expert )
03 June 2012

 Should be recognized as current year income / loss and not as deferred income/expemdoture.



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