CA Day celebration 2024 Easy Office
LCI Learning

Foreign exchange transactions

This query is : Resolved 

07 November 2008 Whether travelling expenses, hotel expenses & other expenses incurred in foreign currency will be recorded at the rate of purchase of foreign currency or will be recorded on the date of transaction. Consequently how the effect of foreign exchange gain/loss will be recorded

07 November 2008 Actual cost at the date of purchase of currency. Therefore there is no question of exchange loss or gain.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query