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Foreign Exchange Loss

This query is : Resolved 
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(Querist)
01 June 2016 Date of raising bill for 20000 Dollars is 02.02.2015 at 63.23 per dollar Date of amount received 09.04.2015 at 61.24 per dollar When to Pass Entry of Exchange Loss. Kindly Suggest and Thanks in Advance
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 June 2016 First let me know what was the agreement? Was the foreign company required/under obligation to pay in dollars (say $20,000 as in your example) OR INR1,264,600 (i.e. USD20,000@63.23)?
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