on 01/04/2009 Goods sold to Mr."A' on Credit at $ 1000.
Exchange Rate :- 01/04/2009..........$50.00 at payment Date
Exchange Rate :- 01/05/2009..........$48.00
What is Journal Entry..?

Answer Posted / dhaval

sorry, i thing the entry a the time of the payment the
entry made with 50,000

Is This Answer Correct ?    2 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

In accounting equation what is the treatment of investment in shares??

1085


i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

1566


What is the double entry system explain its rules with examples?

625


when dissoluction of firm why investment flchuationfund subtrect from book value

1543


There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

1508






VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI

1604


Explain which accounting application you prefer most and why?

581


Tell me what are the key tasks for account executive?

619


CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT

1614


HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.

1528


What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%

1154


What is the difference between depreciation and amortization?

610


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

3157


WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.

1886


Pls tell me the basic rules of accounts for interview in finanace or accounts section

1761