book keeping
This query is : Resolved
14 October 2010
Sir, How to make sale entry made in dollar and sir i am using tally 7.2 for accounting.
Please sir suggest me the transaction.
Please sir suggest me the transaction.
14 October 2010
There is no multi curreny option in Tally 7.2, convert the sales in to Rupee and pass the entry
15 October 2010
But sir our company convert dollar at the end of the every month then how can i pass the entry
15 October 2010
you need to take coversion value based on your company pracice and pass the entry based on that value
15 October 2010
means sir consolidate entry at the end of every month when dollar converted into rupees
15 October 2010
I am little doubt, what is your revenue recognition policy, either recognition same day or monthly
15 October 2010
Sir, i am working in IT industry and all revenue is generate on day to day basic in our foreign bank and at the end of every month our company converted these amount into rupees now sir please tell me how i can pass the entry.
I just know the conversation value of dollar only at the end of month on which dollar converted into INR
I just know the conversation value of dollar only at the end of month on which dollar converted into INR
15 October 2010
I understood your problem, then you pass the Sales entry on day to day basis, the value converted on the day doller value and month end while actual value determination, the difference can be passed through debit or credit note
or
Purchase new Tally version Tally ERP9 and acccount the day to day sale in doller and covert month end as rupee
or
Purchase new Tally version Tally ERP9 and acccount the day to day sale in doller and covert month end as rupee
18 October 2010
thanks Ramesh Sir for your support
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