Convert indian p&l, bs into usd
This query is : Resolved
25 January 2019
Hi,
Please help me out on following queries,
1. We prepare YTD P&L which includes all MTD P&L. We convert the same in USD with respective months USD rate. Is it the right way of doing the same ? please advice...
2. We prepare Balance sheet also in INR as well as in USD, however the profit/loss does not match with USD balance sheet because we convert the balance sheet in USD with current month rate. Please suggest the correct approach.
Please help me out on following queries,
1. We prepare YTD P&L which includes all MTD P&L. We convert the same in USD with respective months USD rate. Is it the right way of doing the same ? please advice...
2. We prepare Balance sheet also in INR as well as in USD, however the profit/loss does not match with USD balance sheet because we convert the balance sheet in USD with current month rate. Please suggest the correct approach.
25 January 2019
It's not the right way of doing the same. Use same rate for p and l also.
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