Foreign currency incomin as export and outgoing as purchase
This query is : Open
M.M.SURANA
(Querist)
14 September 2020
Dear Sir
is it necessary to disclose foreign currecny transaction for incoming as well outgoing in report/ Notes on account in a private limited Company. if yes is to shown on FOB and CIF both or FOB alone
is it necessary to disclose foreign currecny transaction for incoming as well outgoing in report/ Notes on account in a private limited Company. if yes is to shown on FOB and CIF both or FOB alone
CA Raj Doshi
(Expert)
15 September 2020
Need to show the amounts in INR based on Profit and Loss Account.
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