EXCHANGE RATE

This query is : Resolved

PARIMAL DILIPKUMAR GOLWALA (Querist)
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02 December 2009 Please tell me about this suituation for Exchange rate ?
In the present suitutaion for my business that i have paid to supplier for advance payment of 20% of total amount.

And 80% has paid after 1 months.
please resolved my this query
20% paid on Rs. 49 $
and 80% on rs. 50 $
And also goods are also received when 80% is paid. so in this transaction what is the exchange rate different created on which date?

CA. SUDHARSAN K G

CA. SUDHARSAN K G (Expert)
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02 December 2009 Payment $
Now 49
After I Month 50

Dear,
Logically, Goods are Received only after settling the Balance Amount.
Hence, here there is no Foreign Exchange Difference
You have to debit the respective Account