Treatment of Exchange rate difference?
This query is : Resolved
12 February 2009
I am working in Export house. I want to know that if we books export bill in April 2008 and payment received in May 2009 then where the applicable Exchange rate difference in F.Y. 2008-09 or 2009-10.
CA Nitin Wadhwani
(Expert)
12 February 2009
Fisrtly as on 31st March, 2009 and then when the payment is received.
12 February 2009
Which rate on 31 March enter and then what is the rate on payment received we calculate, please help me also give the example of entry.
Sorry for inconveince,
Sorry for inconveince,
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