Reg: Foreign payment done against Proforma Invoice but JV passed ag. Actual Invoice
This query is : Resolved
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
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
16 June 2022
Could any one please reply on this query
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