Exchange rate for export invoice

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BUSINESS
67 Points Posted on 11 April 2021
which exchange rate is considered in case of export invoice for accounting entry??
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On 11 April 2021 at 13:09 Report
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This discussion clarifies which exchange rate should be used for accounting entries on export invoices. The consensus is to use the exchange rate on the date of the transaction, typically the invoice date. It's also important to consider changes in foreign exchange rates between the transaction date and the year-end for accurate financial reporting.

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Chartered Accountant
24588 Points Posted on 11 April 2021
Exchange rate at the date of transaction shall be considered
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On 11 April 2021 at 13:48
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BUSINESS
67 Points Posted on 11 April 2021
Means invoice date or shipping date or CBEC rate????
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On 11 April 2021 at 16:36
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Chartered Accountant
24588 Points Posted on 11 April 2021
Invoice date shall be considered and for computation change in rate of foreign exchange rates value at the date of Transactions and value at the end of the year shall be considered and also CBEC rate shall be considered
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On 11 April 2021 at 18:30

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