Exchange rate to be used for booking Imports

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vinay chopra (Querist)
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25 November 2008 In case a trading firm imports goods is there any rule as regard to booking the purchase at the rate prevaling on the date of Bill of lading or rate on the day on which documents are released by the importers bank.

Taranjit Singh

Taranjit Singh (Expert)
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07 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

Taranjit Singh

Taranjit Singh (Expert)
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07 October 2009 Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.

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