Recognition of foreign exchange transaction

On the date when commission invoice is entered into the book

when the commission invoice is raised . that date should be considered

when the commission invoice is entered in books of accounts.

and when you will pay the same then consider that date and book fluctuation of foriegn exchange in the books of accounts too.

consider the dat when the comm. invoice has been raise...

peace..!!!

The commission accrues to the service provider when the invoice is raised by the service provider. hence the invoice date is the final date to apply the exchange rate.

jab jab paper easy aaya hai tab tab paper tough checking hua hai!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!