Sale service invoice book in accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2015
Hi,
i am working in it sector and we raise a USD invoice to us client. So please guide me that which rate should take in our account book ,RBI rate or local Bank Rate? . and what rate should take after remmitance of amount in INR
i am working in it sector and we raise a USD invoice to us client. So please guide me that which rate should take in our account book ,RBI rate or local Bank Rate? . and what rate should take after remmitance of amount in INR
27 July 2015
1. You have to record the transaction at the rate prevailing on the day of the transaction.
2. You can take the RBI rate or the local bank rate. There is no compulsion on the rate to be taken. However, it is preferable to take RBI reference rate.
3. Similarly on receipt of funds you have to record the transaction at the rate prevailing on the day of the transaction.
2. You can take the RBI rate or the local bank rate. There is no compulsion on the rate to be taken. However, it is preferable to take RBI reference rate.
3. Similarly on receipt of funds you have to record the transaction at the rate prevailing on the day of the transaction.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2015
Hi Siddhartha
Firstly very thanks to you to resolve my query.
Have nice to touch with you
Firstly very thanks to you to resolve my query.
Have nice to touch with you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Gst Audit dept
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
