A/cs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2012
What is unrealised foreign exchange gain/loss ?
Thanks
Thanks
19 February 2012
Unrealised forex gain/loss on any day means the gain/loss that would arise, if the account is settled on that day.
12 May 2012
At the Balance Sheet date, the debtors and creditors are reinstated at the prevailing exchange rate.
The difference arising on account of such reinstatement is unrealised foreign exchnage gain or loss.
It is called unrealised because the account has not been settled yet, but gain or loss has been recognised.
The difference arising on account of such reinstatement is unrealised foreign exchnage gain or loss.
It is called unrealised because the account has not been settled yet, but gain or loss has been recognised.
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