Accounting for sale of share in foreign currency

tanishq gupta (5 Points)

11 February 2024  

I have purchased some share eg. For eur 100 in foreign currency eur on 31 December 2021 and recorded the same at the rate on date of 31 December. Now I have sold the shares for eur 200 and I need to record the entry in books of account. I have not converted the currency in INR. Will I be recording the sale at the rate of date of transaction and record  the exchange gain loss on sale of share?If not will everything will be treated as only gain on sale of share?