Export transaction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2011 While making export of goods..
there is a difference in USD rate at the time of billing and at the time of realisaiton.

Pl. advise how to make entry and adjust the difference...

Also comment on how to make entry in tally

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

19 August 2011 When we purchase or sale from other country. At that time, we face multicurrency problem. Different countries exchange rate is different. In India, Value of Dollar $ is Rs. 49. Value of Singapore dollar Rs. 34. In Singapore, Value of Dollar $ is 1.421 Singapore dollars. These currencies are fluctuating day to day. Suppose today value of dollar $ is Rs. 49, yesterday, it may be Rs. 48. So, It is very necessary to know, what is the amount of profit or loss due to change in foreign exchange rate when we will buy or sell the goods. This is the basic knowledge for every reader.

FOR MORE INFORMATION:-

https://www.svtuition.org/2009/09/how-to-write-voucher-entries-of-profit.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

eddanapudi murali

MAYANK

Devaraj B V

Hanuma Yanduri

Mukund Thakur

Subscribe Now

Export transaction

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Accountant

GST CONSULTANCY