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CA Final 229 views 3 replies
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11 Points Posted on 24 May 2018
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
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On 24 May 2018 at 16:45 Report
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Student
299 Points Posted on 24 May 2018
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.
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On 24 May 2018 at 17:39
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11 Points Posted on 24 May 2018
for exchange loss or profit rate should be consider?
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On 24 May 2018 at 17:59
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Chartered Accountant
2195 Points Posted on 24 May 2018
Check AS 11, u need to consider date of transaction
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On 24 May 2018 at 18:58


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