Accounting treatment of exchange gain
This query is : Resolved
23 December 2013
I want to know how to account for Exchange gain / loss under FCRA.
Few foreign funding agency has contracted to grant XXXX no of Euro @64.5 but we recd @84 so how to account for this under FCRA- FC-6
Pls help
Thanks in advance/
Few foreign funding agency has contracted to grant XXXX no of Euro @64.5 but we recd @84 so how to account for this under FCRA- FC-6
Pls help
Thanks in advance/
23 December 2013
You need to record at actual rate used.
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
- REGARDING SECTION 43B 1 H
- Flat purchase in name of myself,my wife and son
- Capital Gain Tax & Exemption us 54
- GST invoice shown by vendor under wrong GSTN
- Intraday trading on shares
- Old car transaction
- Regarding Section 40A
- If registered as GSTP should apply for new GST for trading
- GST ISD registration
- Update ITR
- Best Company for Amazon Automation Services in the USA
- TDS on Crypto section 194S
- Multiple GST Registration-Asset
- GST Practitioner Details
- Registration and LUT
- GST on written off amount credited to profit & loss account
- MSME Reporting in 3CB-CD
- GST REGIST FOR EXPORT OF SERVICE (ACCOUNTING)TO FOREIGN CLIENTS IF TURNOVER LESS THAN 20 LAC
- SECTION 50AA SHORT TERM CAPITAL GAIN IN CASE OF MLD
- REGARDING NEW GST REGISTRATION
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
