Please Help: Which exchange rate to use
Posted Date : 21-Feb-2017 , 02:39:54 pm | Posted By: Pawan
Category :
Accounts | Answers :
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While preparing cost sheet, for finding the amount of cost of purchase(import) exchange rate of which date should be used? a) Exchange rate on the date of invoice b) exchange rate on the date of import c) exchange rate on the date of payment d) or exchange rate of any other date. please help me with this. Also quote the standard if there is any.
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| Comments |
| Posted By : ARUN GARG |
10-Mar-2017, 07:59:17 |
| Customs Bill of Entry to be used. |
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| Posted By : Sanket Garg |
05-Mar-2017, 08:58:47 |
| Bill of Entry Exchange Rate will be used. |
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| Posted By : Pankaj Aggarwal |
27-Feb-2017, 12:02:17 |
| In case of purchase you should take the rate mentioned on Customs Bill of Entry. |
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