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2016/04/22 · Over the past year, we have watched the Canadian dollar drop relative to its U.S. counterpoint impacting Canadian businesses. U.S. goods and services are now more expensive, U.S. sales make a premium and errors when recording foreign exchange transactions can …
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Accounting for Taxes in Forex Trading. by Boris Schlossberg. One function that most new FX traders overlook is tax reporting. Because FX is a global, unregulated market, dealers as a general rule do not provide any documentation to the tax authorities in the trader's country of residence.
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2019/05/22 · Internal audit reporting includes a formal report and may include a preliminary or memo-style interim report. An interim report typically includes sensitive or significant results the auditor
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2010/05/22 · have problem in the import purchases: Suppose I paid $5000 @ 45.15 on 25/5/2009 in advance for purchases of material which cost me $25000, I received the material on 30/6/2009, I paid balance amt on 25/6/2009 @ 47.20. On import doc. there is specifically indicate tht presentation of dockuments through(wht is the meaning of this?).so at the time of passing the entry rate will have to …
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2016/06/02 · IAS 21, "The Effect of Changes in Foreign Exchange Rates", prescribes the accounting treatment for foreign currency transactions and how to report the effects of changes in exchange rates in the financial statements. Initial recognition A foreign currency transaction shall be recorded initially, by applying to the foreign currency amount the spot exchange rate at the…
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