Dear Friends,
I would like to know how the differences in foriegn currency transactions need to be accounted and disclosed in the following cases?
1. Sale in 2014 in usd(Invoice) @ ??
2. On balance sheet Date @ ??
3. In 2015 received (part payment) in USD-Then How to caliculate Exchange difference? and remaining amount?
Thanking you in advance
CAclubindia
