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This query is : Resolved
Guest
Guest
(Querist)
23 July 2009
if i exports goods at dollar 17500 exchange rate is 49.25 per dollar and i gets the payment @50.25 per dollar then wht will be the entry
24 July 2009
1 Debtor 49.25
To Sales 49.25
(On booking sales)]
2 Bank dr 50.25
to debtor 49.25
to exchange gain 1
(On reciept of money)
3 Exchange gain 1
To P&L A/c 1
To Sales 49.25
(On booking sales)]
2 Bank dr 50.25
to debtor 49.25
to exchange gain 1
(On reciept of money)
3 Exchange gain 1
To P&L A/c 1
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