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Former Member
Dec 10, 2009 at 06:39 AM

Exchange rate difference between MIRO and GR/IR

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Hi,

Exchange rate difference between MIRO and GR/IR we need to written off as a expense for imported w/off expense and in case of assets we need to post exchange rate difference to exchange fluctuation account. Currently exchange rate difference is accounting under capital work in progress(Asset)instead of exchange fluctuation.

Thanks in Advance

Regards

Venkata Suresh