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?
Menu
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.
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
