Exchange gain & loss entry
This query is : Resolved
06 October 2012
Dear all
please explane me entry of Exchange gain & loss
if loss which gl effected
If profit which gl ettected & any material cost gl effect at the time of exchange entry passing
please explane me entry of Exchange gain & loss
if loss which gl effected
If profit which gl ettected & any material cost gl effect at the time of exchange entry passing
06 October 2012
company create a separate gl as forex gain/loss and net impact in this account shows as forex gain/loss.
suppose we have foreign debtors and at the time of reinstating we realize that we have forex gain of rs 1 Lac , in that case entry would be
debtor account debit to 100000
forex gain 100000
suppose we have foreign debtors and at the time of reinstating we realize that we have forex gain of rs 1 Lac , in that case entry would be
debtor account debit to 100000
forex gain 100000
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
