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12 August 2010 A firm imported goods from China>The Invoice date is 15th jan 2010>The same was accounted in the books in 20th March 2010.At which rate of exchange should the purchase be accounted?

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sachin alwadhi

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sachin alwadhi (Expert)
13 August 2010 when u have been received the material in ur premises.exchange rate is to be consider on GRN DATE.

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