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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2012 What is unrealised foreign exchange gain/loss ?

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CA Punit

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CA Punit (Expert)
19 February 2012 Unrealised forex gain/loss on any day means the gain/loss that would arise, if the account is settled on that day.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
12 May 2012 At the Balance Sheet date, the debtors and creditors are reinstated at the prevailing exchange rate.

The difference arising on account of such reinstatement is unrealised foreign exchnage gain or loss.

It is called unrealised because the account has not been settled yet, but gain or loss has been recognised.
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