Foreign exchange gain/loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2012
02.06.2012
Sir,
If any export company earned or suffered from huge gain/loss from foreign exchange fluctuation, should it be booked as deferred revenue income or expenditure?
Please advice.
With thanks
02.06.2012
Sir,
If any export company earned or suffered from huge gain/loss from foreign exchange fluctuation, should it be booked as deferred revenue income or expenditure?
Please advice.
With thanks
03 June 2012
Should be recognized as current year income / loss and not as deferred income/expemdoture.
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