AS Foreign Exchange Rate
This query is : Resolved
12 April 2008
Respected Sir,
I had Paid Advance against Machinery on 30th Sep 2007
Machinery received on 13th Nov 2007 (Bill of Leading Date 13th Nov 2007)
Balance Payment made on 15th Nov 2007
Which Date foreign Exchange rate I have to apply As per Accounting Standard 11
With best regards,
Vilas
I had Paid Advance against Machinery on 30th Sep 2007
Machinery received on 13th Nov 2007 (Bill of Leading Date 13th Nov 2007)
Balance Payment made on 15th Nov 2007
Which Date foreign Exchange rate I have to apply As per Accounting Standard 11
With best regards,
Vilas
16 July 2008
Bill Date. If you make more payment it is loss. If it is less it is profit.
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