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foreign exchange transaction

This query is : Resolved 
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(Querist)
03 August 2010 is it require to book exchange difference loss or gain on 31st march if we made advance payment to foreign supplier before 31st march & liability is not going to change evev after 31st march
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
03 August 2010 Yes... the difference has to be booked @ 31st March exchange rate.
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