Exchange rate to be considered in accounting
This query is : Resolved
23 October 2015
How to Record Transaction for Import and Export and which rate has to be considered ??
23 October 2015
Rate prevailing on the 'date of negotiation' of documents with banks.
23 October 2015
In case of import - Take the rate as per Bill of Entry.
In case of export - Take the rate on the date when the risk in goods are transferred from you.
When receiving or making payments. Take the rate as per bank
In case of export - Take the rate on the date when the risk in goods are transferred from you.
When receiving or making payments. Take the rate as per bank
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