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Foriegn exchange difference on export sales

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(Querist)
15 January 2009 Can you pls let me know how to book export sales and foriegn exchange difference at the time of sale, as on year end and at the time of realisation if the sales transaction is spread over 2 financial years. Pls explain with examples at the earliest.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
15 January 2009 You can resort to the forward contract ...but it has a defined period say 90 days....
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