My client (EOU) is making export sales.
He is accounting at an exchange rate given by customs for customs valution purpose for the month.
Is it correct or they have to account as per current Market price of the foreign currency
sandeep (Audit Firm) (46 Points)
15 July 2011My client (EOU) is making export sales.
He is accounting at an exchange rate given by customs for customs valution purpose for the month.
Is it correct or they have to account as per current Market price of the foreign currency
Raj Kumar
(Student)
(102 Points)
Replied 21 July 2011
@ Sandeep
I think, total exp. spent on purchases, should be charged in P/L a/c
If i am wrong then plz.. rectify my mistake..
thanxx..........
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