Foreign currency fluctuations
This query is : Resolved
30 April 2020
As on 31st mar foreign creditors payable. What is the fluctuation entry? $ upward it means liability also raised? And in 1st april is needed to make reverse entry for fluctuation to return in purchase value as before of last year ?? Is there any way to make provision on 31st , and fluctuation entry in p& l when actual payment made next year.
09 May 2020
https://www.mca.gov.in/Ministry/notification/pdf/AS_11.pdf
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