effects of foregin exchange fluctuation
This query is : Resolved
19 April 2010
sir
Accounting treatment of the effects of foreign exchange fluctuation ie., loss or gain on the purchase of raw materials from foreign country.
ie profit or loss shall be transferred to Profit & Loss account or transferred to a separate account and then written off.
thanks
Nagarajan
Accounting treatment of the effects of foreign exchange fluctuation ie., loss or gain on the purchase of raw materials from foreign country.
ie profit or loss shall be transferred to Profit & Loss account or transferred to a separate account and then written off.
thanks
Nagarajan
CA Ashok Kumar Sahu
(Expert)
19 April 2010
transfer to profit & loss a/c directly
CA Ashok Kumar Sahu
(Expert)
20 April 2010
your welcome
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