A company purchased Raw material in Dollar and made payment to vendor in dollar from EeFc account
is any exchange gain loss will be booked in the account book
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foreign exchange gain loss
Replies (3)
what is EeFc??
EEFC IS THE ACCOUNT MAINTAINED BY COMPANY WITH THE BANK IN DOLLAR
BALANCE WITH THE BANK WILL BE IN DOLLAR
BALANCE WITH THE BANK WILL BE IN DOLLAR
Then loss is debited to his eefc a/c and gain is credited
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