While accounting import transactions, which date conversion rate to be taken for booking purchase?

Whether Vendor's Invoice Date? or Bill of Entry Date? or Importer (i.e., Our) GRN date? or Posting in accounts Date?|||Good question....


Take the bill of entry date as conversion rate (basis the ex.rate sheet taken from the bank on that date). for booking purchase. Avoid GRN - which is a internal document for approving the goods.





Naresh Seetharaman