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Reg: Foreign payment done against Proforma Invoice but JV passed ag. Actual Invoice

This query is : Resolved 
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(Querist)
10 June 2022 Dear Team,

Could anyone help me on below query,

Our previous executive processed payment of Euros against Proforma Invoice as advance to a supplier and passed Journal entry ag. Actual Invoice received from supplier. Both the amounts differs.

Please advise how to calculate FOREX loss/gain and also to square off foreign currency with Invoice amount.

Thanks & regards,
V B Vijay Kumar
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Vijay Kumar

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Vijay Kumar (Querist)
16 June 2022 Could any one please reply on this query
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