What should be the treatment of following Situation..
During the 08-09 we received advance from a Foreigner person amount of Rs 50,000($1000 @ 50) for issue of share. Later as on closing the dollar rate was increase to @ 52. This create a loss of Rs 2000 for me as on closing of the Books of A/C.
As on April 09 the same person ask to issue share to him equivlaent to amount given by him.
So what should b the treatment of Rs 2000 which i was earlier debited in P&L a/c.
Thanx in Advance