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Forward Exchange Contracts

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(Querist)
02 April 2008 Can any one tell me Accounting Treatment of Transactions relating to Forward Exchange Contracts.
Journal Entries
1) At the time of Entering into Contract
2) How to account Re-statement on 31-03
3) At the time of Delivery, Cancellation

and other related transactions.
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
02 April 2008 Read AS-11
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
02 April 2008 Refer AS-11




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