Xyz imported goods worth USD 500000 From US based company on 31st october 2010 when 1USD=46.75. It was agreed to the creditor in four equal installment as follow: date of payment exchange rate 30november2010=45.85 31december2010=46.25 31january2011 =47.35 28february2011 =46.85 the company closed books on 31 december. Calculate the exchange differance and pass journal entries and also prepare foreign currency payable a/c.

Respected sir /medam
please give me suggetion
Entries made in books on dated 30/11/2014 is valid entries. if this day is sunday .

The company purchases electrical good, which expenses we book ?

i want to know c.a. i.p.c.c. for 2015 may whats changes. changes for nov 2014 to may 2015, whats changes...all subject, both grp..

how can a decrease in trade payable result in decrease in assets?? Cpt fundamental of accounting textbook pg no 1.44 que no 2.(iv)

pg 1.44cpt textbook qur no 2.(iv) decrease in amount of trade payable results in... a)increase in cash b)decrease in bank overdraft a/c c)decrease in assets d)no change in assets correct ans is given as option no c) how is it? I think ans shud be a)

x purchased 10000/- goods from y, he given 1000 as discount, vat rate is 5%. then what is the accounting entry in the books of purchaser?

Dear Sir,
I am working in a foundation company.We are apportion expenses center wise, Now we have organised a meeting in zonal office which cost is Rs 20,000.

Total participant 10. (5 from barasat center ,3 from baruipur center, 1 from barrackpur center & 1 is a trainer who is companies own zonal staff,
Now what is cost booking ratio 5:3:1 or 5:3:1:1.

if take second ratio then why.

Please clear me.

hi every body this is kranthi can you tell me Journal entry for these question
Q:Purchase cell phone Rs.9000 and down payment Rs.1500 and remaining Balance paid emi 20 months per month RS.375/- how to pass on jv

Dear Sir

I got one invoice. they have mentioned right bottom corner like this E.& O.E
what is this meaning? it is compulsory in Invoice pls let me know?