Export entry
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2011
1.for export bill accounting which date of exchange rate should be consider B/L , Exchange control, or if any
2.if we received advance 30% and balance is receivable the how to record the transaction
3. if we received all advance and later we shipped then which rate should be consider
2.if we received advance 30% and balance is receivable the how to record the transaction
3. if we received all advance and later we shipped then which rate should be consider
20 September 2011
1. Exchange rate on the date of bill of entry shall be used.
2. Bank Dr. 30%
To Debtor 30%
(Advance received)
Debtor A/c Dr. 100%
To Sales 100%
3. Exchange rate on the date of bill of entry shall be used for recording sales.
2. Bank Dr. 30%
To Debtor 30%
(Advance received)
Debtor A/c Dr. 100%
To Sales 100%
3. Exchange rate on the date of bill of entry shall be used for recording sales.
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