Foreigh Exchange Fluctuation

Others 690 views 3 replies

At which rate do we book Foreign Exchange Fluctuation on 31st March - RBI rate or CBEC rate ?

Replies (3)

YOU CAN TAKE RATE FROM YOUR BANKER

Sri,

My Name : Narasimha Reddy

I want Foreign Fluctuation, i send the TT Out of Country on TT date USD $ 46.15, the supplier mentioned in Invoice Copy in U.S.D $ 48.00

Hou mounch amount foreign fluction

 

Please clirify

with regards

in this case you are having exchange gain(48-46.15)=1.85*amt of invoice

 

supplier account  dr                          

To exchange gain


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