Entry for letter of credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2011
dear all i want to know accounting entry in case of letter of credit . my clint has opend a lc for $ 1582000 payment will be made after 2 months. what journal entry to be passed by him now & after 2 months . pls reply
RAMESH KUMAR VERMA
(Expert)
29 April 2011
Accounting Entry for Goods receipt
Stock/Inventory account Dr
GR/IR account Cr
Freight clearing account Cr
FOR MORE INFORMATION LINK IS :-
Stock/Inventory account Dr
GR/IR account Cr
Freight clearing account Cr
FOR MORE INFORMATION LINK IS :-
RAMESH KUMAR VERMA
(Expert)
29 April 2011
https://www.caclubindia.com/share_files/export-import-accounting-entries-37679.asp
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