Sales receipts in course of export
This query is : Resolved
17 July 2013
We made sales of 200 kg @ 5 usd when usd was rs. 48/-
Two months after when we realised the exprot proceeds the dollar was 58/-
Please tell how should difference of 10/- be accounted
Two months after when we realised the exprot proceeds the dollar was 58/-
Please tell how should difference of 10/- be accounted
CMA Ramesh Krishnan
(Expert)
17 July 2013
Need to recognise as income from exchange difference as income
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