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How to treat foreign exchange fluctuations at closing balance sheet?

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تم إضافة السؤال من قبل manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS
تاريخ النشر: 2013/09/22
Ahmad Al Zoubi CMA CertIFR
من قبل Ahmad Al Zoubi CMA CertIFR , Accounting Manager , Abdul Latif Jameel

We receord the sales and purchase process at the spot rate in the date we sale ot purchase and then at the end of the year we take the exchange rate and adjust the AP or AR to reflect the current exchange rate and record the difference as loss/gain forign curreny

Saiful Islam Mahmud
من قبل Saiful Islam Mahmud , Manager (Finance & Company) , Navaran Export Import Company (Manyavar Bangladesh)

Please Note that if the accouns is prepared in multi currency, you must use Exchange fluctuation loss or profit in the base currency. Otherewise the Balance Sheet will never balance....

المزيد من الأسئلة المماثلة