banner_ad

Import export

160 views 1 replies
I have thousand dollar invoice at Price of $75.
now i received $1000 payment from party in my EEFC account.

Now i have one import payment an amount of $1000.
So I did payment $1000 against import.

now
my Query is
what amount i credited against my export invoice??
Any Unadjusted gain/loss will effect??

Please Suggest????
Replies (1)

you have  to credit  actual amount  received  along  with   foreign  exchange  gain  for  export sale  payment  received   entry will  be 

1)  Bank                 A/c      Dr 

     To Sundry  Debtors                 A/c       Cr 

     To  Foreign  exchange gain    A/c       Cr 

(  being  payment  received  against  export  sale  ) 

 

2)  Gain  will be  transfer  to P&L account  

     Foreign  Exchange Gain            A/c          Dr 

     To  Profit  & Loss                       A/c          Cr 

( Gain  transfer  to  P&L ) 

if   foreign  exchange  loss   oppsit   entry  in the  books of accounts . 

please  confirm with others also . 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details