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foreign purchase

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(Querist)
22 May 2008 our company has purchase a software from america and send the dollars. what should be the rate of purchase i booked in the books. rate of remittance certificate getting from C.A. or rate of purchase invoice date. and rate of clear should be flucution in the books of account.

for eg.
pucchase bill date: 8 dec amt $33600

Amt in the remittance certificate $33600*40.15=1349040/-

Payment out from the bank $33600*40.13=1348648.90

it is correct tratment?
diiference between 1349040 & 1348648.90 should be charged fluecution as an expenses in the books of account
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
22 May 2008 Payment out from bank is your cost. No need for charging anything to P & L.
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sachin saxena

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sachin saxena (Querist)
23 May 2008 so i book the cost of purchase only Payment out from bank. not as per the bill provided from the USA ore as per remittance certificate.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
23 May 2008 yes. Absolutely right.
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