in case export
which date considered as sale date for accounting purpose?
which date exchange rate considered for conversion ?
rbi rate or borad rate considered in accounts
Menu
export
Replies (3)
AS 11 does not prescribe which conversion rate should be used. It depends on companies' policy. It may be shipping bill rate or rbi rate or any other rate. Sale date should be date of invoice for accounting purpose.
for exchange loss or profit rate should be consider?
Check AS 11, u need to consider date of transaction
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
