Foreign currency loss on forward contract
This query is : Resolved
31 July 2013
we have exchange revaluation loss foreign currency , due to forward contract Rs. 20 Lacs , Pls let me know where it will show in BS ( other operational income or exceptional Loss/Gain )
31 July 2013
Depends whether the underlying asset is on balance sheet or off balance sheet
If on balance sheet take 20 lacs to P&L, otherwise hedge reserve
If on balance sheet take 20 lacs to P&L, otherwise hedge reserve
01 August 2013
what is means on balance sheet or off balance sheet ..
01 August 2013
my question , I have loss due to forward contract ( due to buying and selling of foreign currency $ ) where will it show in P&L ,
01 August 2013
Other expenses since it is a loss
exceptional depends on the materiality of the amount for the Company
exceptional depends on the materiality of the amount for the Company
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