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Forward Currency gain loss
Forward Contact of currency unrealised gain loss shall be considered as finance cost or other expenses?
Replies (3)
It is income
Dr. Forward contract
Cr. Income from other sources
I am having loss
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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