A/cs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2012
What is unrealised foreign exchange gain/loss ?
Thanks
Thanks
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.
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
