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Querist : Anonymous (Querist)
18 November 2015 If currency purchase or sale what entries is passed in books of sccount
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 November 2015 currency to be treated as current asset or investment as the case may be. And accordingly the entries will be passed.

Debit Investments or Current asset
Credit Bank or cash as the case may be.

Under current asset, give the appropriate name to said current...e.g.USD, GBP, AUD etc.
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