A/cs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2012
What is unrealised foreign exchange gain/loss ?
Thanks
Thanks
CA. Hari Kishan
(Expert)
16 February 2012
Illustrated with example:
Say you do credit purchase goods for Rs.47000 (invoice is 10$) on 01.03.2011. Say the exchange rate on 31.03.2011 is Rs.50 per dollar
Then you shall have a loss of 3$ i.e 300Rs. as there is a increase in the dollar rate, there by your payable shall increase.. and vice versa if the dollar rate drops..
Say you do credit purchase goods for Rs.47000 (invoice is 10$) on 01.03.2011. Say the exchange rate on 31.03.2011 is Rs.50 per dollar
Then you shall have a loss of 3$ i.e 300Rs. as there is a increase in the dollar rate, there by your payable shall increase.. and vice versa if the dollar rate drops..
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