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Forward contract

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(Querist)
13 July 2012 Hi all,

Being a seller of forward contract do we need to book the losses/gains in our books.


Thanks in advance
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
04 August 2012 The profit or loss will be derived only after the end of contract period. So you need to book the loss or profit in your books at that time only.

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