dear all
in my books last year i booked export creditors closing balance at RBI as on 31/3/2008,now the balance creditors of last year pending for payment so as on 31-3-2009 i taken the creditors at RBI RATE while calculating the exchange difference whether i have to compare last year rbi rate with this year or purchase booking rate with rbi rate as on 31-3-2009?
CAclubindia
