Foreign exchage gain and loss
This query is : Resolved
28 July 2014
i have a public company now 5 transactions of purchase done and comes in all cases foreign exchange loss and in 6th transaction foregn exhange gain so in accounting entries can it be set-off i.e entry for 6th transaction foreign exchange loss (credir) or saperate accounts are required for both
28 July 2014
in my opinion you can keep any method among both.
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