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What foreign exchange rate should we use when we book abroad invoices that are sent late? (In Turkey)

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What foreign exchange rate should we use when we book abroad invoices that are sent late? (In Turkey)

If the abroad invoice comes to us late, does the exchange rate be the booking date, not the invoice date, while the invoice is booked in the month when it comes?

The documents are booked in the legal books according to the dates written on documents. Foreign currency values are valued according to the exchange rate on the date of the document. In payments, it is valued according to the date it was paid.


Source: İSMMMO
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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