what is purchase consideration? How does it come about and
how is it treated in the books?
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If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
Contra Entry: I have deposited some amount from company account kannur branch to H.O. bank account. both pnb. What will be the contra entry for this transaction?
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Journal entry for cheque issue but not yet realised.