Accounting entry of dollar account

Create two ledgers to tally Dollar with INR
1) Exchange Difference Gain A/c , under Indirect Income, P & L A/c

2) Exchange Difference Loss A/c , under Indirect Expenses, P & L A/c .

If any Gain in exchange difference, credit to profit and loss A/c , any Loss in exchange difference debit to P&L .

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Accounting entry of dollar account

Bhavesh

prasad Nilugal

sabyasachi mukherjee

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Accounting entry of dollar account

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