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What is meant by forex P&L a/c.?



What is meant by forex P&L a/c.?..

Answer / h.r. sreepada bhagi

Forex is the short form of 'Foreign Exchange'. Gain or Loss
on transactions in foreign currencies during an accounting
period should appear in the P&L A/c of that accounting period.

Is This Answer Correct ?    7 Yes 1 No

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