09 July 2012
a bill imported from china of usd 9280 but payment was made from hdfc bank of 20000 in advance so what rate of dollar will be used to enter purchase amount rate of invoice date or rate of fund transfer date
12 July 2012
Rate of Invoice date will be used to book Purchase Amount. Further difference in rate of fund trf date and invoice date should be transferred to Exchange Fluctuation A/c.
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