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foreign exchange

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(Querist)
16 June 2008
Advance given on jan is 10000 dollars@42Rs.

Billed on 15th march 10000 dollars @ 40Rs.

Held on 31st March 10000 dollars as per RBI @ 43RS.

is it gain/loss we have to charge in the p&l account and
Which provision deals with as per AS11.
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CA Anand Sarda

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CA Anand Sarda (Expert)
20 June 2008 in what currency the foreign company is billing???

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