On 1/5/2020 purchased goods from singapore for $500 at rs.60 INR-30000
Paymebt is made on 1/6/2020 $50 dollor rate is Rs.500 INR-25000
Is Rs.5000 loss to my supplier what are chances me paying when dollor rate is less?
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While making payment , Exchange Gain account will. be credited with Rs 5000/- in your books , and pay as per the exchange rate .
Correct me if I am wrong .
Correct me if I am wrong .
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