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