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Are preferred over currency for many transactions due to their lower risk of loss.?
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Are there disclosure requirements in the US that govern the reporting practices of foreign currency transactions?
Yes the SEC as of 1997 does require disclosure from organizations that are participating in foreign currency transactions. One reason being the exchange rate between that foreign country and the US and how that currency could change and result in an unanticipated gain or loss for the organization.
Is it realized or unrealized gain or loss while revaluation on cash balance in foreign currency according exchange rate?
It is an unrealized gain / loss. It is a restatement of the value of a balance in a certain currency, in relation to the base currency of the balance. Realized gains / losses are for 'finalized' transactions, such as outstanding vendor amounts paid or customer amounts received and there is a loss or gain realized at that point. (this happens when there is a big fluctuation between the date the transaction is executed and the date the money changes hands)
What is is exchange gain or loss?
An exchange gain is when a company buys something one day at one rate of currency but then actually pays for what they bought a different day and the rate of currency is different and higher will cause an exchange gain. An exchange loss is when the rate of currency is lower when company actually pays for item and enters it in the books.
True or False. It is the cardholders responsibility to sign forms disputing and transactions made following the loss of a card.?
True or False. It is the cardholder's responsibility to sign forms disputing and transactions made following the loss of a card.
In finance collateral deposited with a stockbroker by a client to cover the risk of loss of transactions?
Margin
What commission is payable on transactions?
in the trading and profit and loss account where do i put commission payable
Decrease in net assets arising from peripheral or incidental transactions is called a?
A gain or loss
What is the definition of devaluation of Indian currency?
The definition of devaluation of Indian currency is the loss of the value of the currency. This is a an adjustment of the country's currency value downwards compared to other major currencies in the world.
It is the cardholders responsibility to sign forms disputing and transactions made following the loss of a card?
True
It is the cardholder and responsibility to sign forms disputing and transactions made following the loss of a card.?
True
It is the cardholder and responsibility to sign forms disputing and transactions made following the loss of a card?
True
Do you pay tax on sale of stock at a loss in your IRA?
No, transactions in an IRA are tax exempt. (besides, you never have to pay taxes on a loss, it's only gains that are taxed).
