Foreign currency change

632 views 8 replies

dear all,

what will be entry of foreign currency change.

Replies (8)

In case of exchange loss:

Exchange fluctuation A/c Dr.

                To Party A/c

 

In case of exchange gain:

     Party a/c                Dr.

               To Exchange Fluctuation A/c

 

Plz correct me if m wrng

sir we have paid to this party by ch and dollar taken than what will be entry...........


 

3000USD @ 44.85/-   dated 18.07.11

You can directly debit the amount to the head of expenditure for vch you hav purchased dollars,,e.g. travelling(foreign) a/c

thanks sir

one more thing sir.......i m PG .can i take admission directily in ipcc?

alternatively, u can open a new a/c "Foreign currency in hand" nd debit the amount of dollars recd in dat a/c and then gradually credit the same as and when exp is incurred.

plz correct me if m wrng

Originally posted by : sachin

one more thing sir.......i m PG .can i take admission directily in ipcc?

DIRECT ADMISSION DECISION IS YET TO BE APPROVED BY GOVERNMENT 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details