Dollars $$

A/c entries 541 views 2 replies

1) The Co, has purchased US $ for the purpose of foreign bussiness tour on 09/11/2009 (1500*48.5)

2) Above US $ given to MD of the Co. for making booking the tickets etc.

3) After tour,MD refunded US $ 1000,Rand 500,dirhams 225. Co. want do not want to sell this Currcency,it has  to maintain this Currcency for later purpose.

my quires is how i will pass the entry for the above transaction

pls do reply its urgent 

thanks in advance

Replies (2)

I think you can debit the respective currencies' accounts at current prices and credit the USD at 48.5 and debit Foreign Bussiness Tour A/c with the balancing figure.

I think you can debit the respective currencies' accounts at current prices and credit the USD at 48.5 and debit Foreign Bussiness Tour A/c with the balancing figure.


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