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Exchange difference.

141 views 1 replies

Vikas Chauhan

206 Points Joined July 2017

please assist.

purchase at rs 45 per dollar
but at the time of payment we paid at rs 46 per dollar.

This exchange difference of rs 1 is direct expense or indirect expense?

please assist.

Replies (1)

ayusmita

Tax consultant

5895 Points Joined September 2020

If the numbers of units of local currency are kept constant and the number of units of foreign currency changes then indirect and if the foreign exchange rate of a foreign currency is expressed as number of units of home currency then direct