Entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2015
If currency purchase or sale what entries is passed in books of sccount
please share
please share
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.
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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