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 Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
