INR 20 Lakh transferred from Indian HSBC, which is equivalent to AED 1 lakh to transferred to own HSBC Account in UAE.
Both accounts ledgers are under Bank accounts in Tally. What is the right method to record the transaction in Tally?
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How to record entry rs.20 lakh transfer from indian hsbc equivalent 1 lakh to own uae hsbc a/c. ?
Replies (1)
Its difficult to manage two different currencies in single currency tally account.
Here, it will be contra entry with foot notes as final converted amount in AED as per present foreign exchange rate.
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