Foreign currency change

633 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
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details