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?
Rajat Soni (Service) (255 Points)
11 February 2023
Yasaswi Gomes new
(Finance )
(4499 Points)
Replied 12 February 2023
It is income
Dr. Forward contract
Cr. Income from other sources
Yasaswi Gomes new
(Finance )
(4499 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.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
