Hi,
My client is using SAP and my query is on AS -11.
When a foreign exchange transaction takes place, we know that the rate of exchange on the date of transaction is to be considered for accrual entry. my query is whether date of transaction is
(a) document/invoice date
(b) Date if posting the entry in the books of accounts.
Regards
CA Tejashwini
I think the date of transaction must be considered as documentry/invoice date... and not the date on which entry is posted in books of accounts....
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
CCI
Pro
CAclubindia
