banner_ad

Difference in conversion rate

Accounting Entries 744 views 1 replies

HI All,

I have a query could you please update with the correct suggestion...

I have Two Different Bank Account with my Company...

One deals with INR and another A/c deals with USD...

When I Taransfer money from USD to INR or Vice Versa...

What would be the entery to pass in Tally ERP 9

 

I have already create a account head  "Diff. In Conversion Rate" Under Indirect Expencse...

But how could I manager...

Please update.

Thanks in Advance :)

Regards,

Rakesh

Replies (1)

there is no gain or loss to be accounted at the time of fund transfer.only at the end of the fianacial year USD bank account shoul be valued using closing rate to report in INR.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details