Answer Posted / smith
Hedging is the process of eliminating exposure to foreign
exchange risk so as to avoid potential losses from
fluctuations in exchange rates. In addition to avoiding
possible losses, companies hedge foreign currency
transactions and commitments so as to introduce an element
of certainty into the future cash flows resulting from
foreign currency activities. Hedging involves establishing
a price today at which foreign currency can be sold or
purchased at a future date.
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Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
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