Where will you show the EXCHANGE RATE RESERVES in final
accounts....???
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Answer / anubhavbansal2002
Exchange rate reserves will be shown in P&L A/c, as per AS
11.
| Is This Answer Correct ? | 3 Yes | 1 No |
Difference in exchange rates are shown in profit & loss
acounts only
| Is This Answer Correct ? | 3 Yes | 1 No |
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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