Hello Evry1
Can any1 please tell me what will be the accounting entries for hedging done to mitigate the risk of Exchange Rate Fluctuation on account of Export Of Goods.
Please reply fast its urgent.
Thanks in Advance
Menu
Journal entries for hedging
Replies (3)
on entering into contract of hedging there is no entry but you have to amortise the premium difference in spot rate and hedge rate over the effective period
For that we need to pass an entry Sir...What that entry will be.
when the bank debits the premium you pass entry as premium on hedging-receivables and credit bank
while amortising dr p&l credit premium on hedging till this premium is amortised
Recent Topic
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
Related Topics
CAclubindia
