sir please send me the entries of lc in purchaser accounts not bank.compltere entries
1 Replies
CA Hemant Kumar
(CA, LLB (p), B.Com)
(204 Points)
Replied 23 June 2011
1. For Purchase
Import Purchase A/c Dr
to party
2. For LC Charges
LC Charges Dr.
to Bank
3. When Payment is made to the party or bank
Party A/c Dr.
to Bank
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