What entry to be passed for profit or loss on forward contract at the inception date of forward contract and is there requirement of any of accounting entry as on balance sheet date just journal entries.
[New Post] ACCOUNTING ENTRIES FOR FORWARD CONTRACT – http://www.ifrslist.com/2010/06/accounti…
[…] justin wrote an interesting post today. Here’s a quick excerptWHAT ENTRY TO BE PASSED FOR PROFIT OR LOSS ON FORWARD CONTRACT AD THE INCEPTION DATE OF FORWARD CONTRACT AND IS THERE REQUIRTE MENT OF ANY bACCOUNTING/b ENTRY AS. […]
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