To,
Dear All,
material imported from foreign country and forex diff due to flactuation of rate. My question is wheteher to show it as forex rate diff or wuld i adjuste it from purchase amount.
plz guide
1 Replies
Sandeep
(ASST.MANAGER ACCOUNTS)
(1751 Points)
Replied 14 February 2017
It is PL item. Profit or Loss from Exchange Fluctuation. If it is profit show it in cr side of PL & if it is Loss then Dr. side
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