How to book foreign gain or loss ???

dear digambar,

you need to revalue the figures of your debtors on 31st march on the basis of exchange rate on such date through foreign exchange differnce A/c and transfer such amount to the p&l a/c. and finally revalue the same debtors on the date of recipt of payment trough the foreign exchange differnce a/c and then receive payment.

cheers

ganesh agarwala

dear digambar,

you need to revalue the figures of your debtors on 31st march on the basis of exchange rate on such date through foreign exchange differnce A/c and transfer such amount to the p&l a/c. and finally revalue the same debtors on the date of recipt of payment trough the foreign exchange differnce a/c and then receive payment.

cheers

ganesh agarwala