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Exchange Fluctutaion.?

This query is : Resolved 
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(Querist)
25 December 2008 If we recveie our forign remittance within one year then the exchange fluctutaion can be transfer into sale in the end of year or is there any other procedure for the same please tell me.

Please reply me soon.
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ravi taneja

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ravi taneja (Expert)
27 December 2008 AS per AS-11, if any gain or loss occures during foreign exchange than it should be booked in p&l A/c.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 June 2023 "Sorry, I am not a featured member."

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