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Exchange rate flucation

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2013 How to made entery in accounting software exchange rate flucation and which difference calculate
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Ganeshbabu K

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Ganeshbabu K (Expert)
08 June 2013 Journal entry can be passed

difference between rate adopted at the date of initial recognition and date of payment can be recognised as exchange difference

refer ACCOUNTING STANDARD 11

RBI RATES CAN BE FIND IN BELOW LINK

https://www.rbi.org.in/scripts/referenceratearchive.aspx
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