Exchange Rate Difference Gain


Vipul Acharya (Account Officer)     13 October 2019

Vipul Acharya
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Exchange Rate Difference Gain is operating income or not

Rebate & Discount received is operating income or not.

kindly guide

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Anand Devare   13 October 2019

Anand Devare

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Firstly Meaning of operating is main business, so operating income and expenses means expenses incurred and income earned in main business. As per my view if exchange rate difference gain is towards main business of company then it's operating income or else it is non operating income. It is same applicable to rebates and discount

Vipul Acharya (Account Officer)     13 October 2019

Vipul Acharya
Account Officer 
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Incurred During Sale Purchase of Raw Material and Finished Goods

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CA Dhruva Kalamanji (Chartered Accountant )     13 October 2019

CA Dhruva Kalamanji
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Hi vipulu

both are not an operating income. thos should be shown under other income


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