EASYOFFICE

Sales receipts in course of export

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 July 2013 We made sales of 200 kg @ 5 usd when usd was rs. 48/-

Two months after when we realised the exprot proceeds the dollar was 58/-

Please tell how should difference of 10/- be accounted
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
17 July 2013 Need to recognise as income from exchange difference as income

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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links