Exchange rate difference

This query is : Resolved 
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(Querist)
23 August 2011 Dear All,

I have made export sale in Feb-2011,by the end of march this sale invoice couldn't be realized. I made a entry on 31.03.2011 as under:

Exchange Rate Difference .. .. Dr.
To Sundry Debtors

Also, this is to inform you that at time of sale currency conversion rate was more than the the currency conversion rate on 31.03.2011

I wanna know whether above mention entry is as per act or not.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
23 August 2011 This entry is in accordance with AS-11.
Income Tax will allow the same.
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