Presentation of foreign exchange loss
This query is : Resolved
24 June 2013
How do we present foreign exchange loss in financial statement in case of non corporate entity?
24 June 2013
Dear Pankaj
You need take two step
1) Valued all foreign receivable and payable as per the closing date .
2) debit/ credit profit and loss account with the income and loss you earned from forex
Thanks
You need take two step
1) Valued all foreign receivable and payable as per the closing date .
2) debit/ credit profit and loss account with the income and loss you earned from forex
Thanks
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