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.
1 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 29 December 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
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