Sale Export
This query is : Resolved
01 July 2011
When export sales should be booked in books and what should be $ rate if sale in doller
02 July 2011
The day on which you have billed the purchaser the sales should be booked at the agreed rate with the buyer.
At the time of reeving the payment the difference if any should be booked as either loss or profit on foreign exchange which is called foreign exchange fluctuation Loss or Profit and is to be shown in P & L A/c
At the time of reeving the payment the difference if any should be booked as either loss or profit on foreign exchange which is called foreign exchange fluctuation Loss or Profit and is to be shown in P & L A/c
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