Forward Currency gain loss
Rajat Soni (Service) (255 Points)
11 February 2023
Forward Contact of currency unrealised gain loss shall be considered as finance cost or other expenses?
3 Replies
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 12 February 2023
It is income
Dr. Forward contract
Cr. Income from other sources
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 14 February 2023
Maybe I gave a wrong entry to you because I don't deal with instruments in practise.
https://www.wikihow.com/Account-for-Forward-Contracts
This is a good meterial and easy to understand.
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