EASYOFFICE
EASYOFFICE
EASYOFFICE

Accounting Standard-11

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 April 2011 Dear Experts,

A Company has given an advance of 100 Euros to a Foreign Supplier on 16th Feb, 2011. On 31st March should I apply closing rate and recognise the Forex gain/loss?

Thanking you in advance.

Prithvi
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
23 April 2011 yes, adjestment should be required.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links