ACCOUNTING FOR DIFFERENCE IN FOREIGN EXCHANGE RATES

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....CCOUNTING FOR DIFFERENCE IN FOREIGN EXCHANGE RATES<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 14-9-2014 Last Reply Date:- 14-9-2014 Accounting - Auditing<br>Got 1 Reply<br>Companies Law<br>A ....

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....Company had given advance of USD 5000 towards purchase of machinery from China. Advance is given dt. 12/02/14. Remaining payment of USD 15000 is made on 15/04/14 and machinery is imported dt. 14/05/....

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....14. Please advice how foreign exchange difference will be dealt with as on 31/03/14. Reply By Pradeep Khatri: The Reply: Dear S.C. Wadhwa, Please check AS - 11 in this regard. Regards, YAGAY and....

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.... SUN (Management and Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....