03-28-2009, 08:13 PM
Star,
Whenever you will enter into a transaction, involving some other currency, it has to be translated at the spot rate of transaction date.
On eventual settlement or whatever subsequent event, the difference will be taken as exchange gain or loss.
Regards,
KAMRAN.
Whenever you will enter into a transaction, involving some other currency, it has to be translated at the spot rate of transaction date.
On eventual settlement or whatever subsequent event, the difference will be taken as exchange gain or loss.
Regards,
KAMRAN.