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Presentation of foreign exchange loss

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(Querist)
24 June 2013 How do we present foreign exchange loss in financial statement in case of non corporate entity?
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CS ,CMA Shambhu Kr. jha

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CS ,CMA Shambhu Kr. jha (Expert)
24 June 2013 Dear Pankaj

You need take two step
1) Valued all foreign receivable and payable as per the closing date .
2) debit/ credit profit and loss account with the income and loss you earned from forex

Thanks

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