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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Applicability of GST on Salary Reimbursement Component
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Tax rate change regarding
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
