Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


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..?

Answers were Sorted based on User's Feedback



on 01/04/2009 Goods sold to Mr."A' on Credit at $ 1000. Exchange Rate :- 01/04/2009........

Answer / bhavna

At the Time of Sale:

A's A/c Dr. 50000
To Sales A/c 50000
(Being Amt due towards sale of goods @$50 for $1000.)

At the Time of Payment:

Cash/Bank A/c Dr. 48000
Forex P&L A/c Dr. 2000

To A's A/c 50000
(Being Amt received against sale of $1000 goods @ $48)

Is This Answer Correct ?    15 Yes 1 No

on 01/04/2009 Goods sold to Mr."A' on Credit at $ 1000. Exchange Rate :- 01/04/2009........

Answer / 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

More Accounting General Interview Questions

When will the cash Book have a Credit Balance?

20 Answers   Accenture,


sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .

0 Answers  


goods with drawn by proprietor for household expenses

2 Answers   Cap Gemini,


What is Accruals ? How it is treated in finacials

1 Answers   MRF,


What is input Sales ?

3 Answers  


why debit is called debit.& why debit is on left side,why not on right side ?

3 Answers  


All Expences Debit?

2 Answers  


in reply of sreedapa answer ,suppose for the m/o march telephone expense is Rs.800 and for the m/o april Rs.200 For this we will pass tthis entry : Telephone expenses Dr 800 To Tel expenses payable 800 Telephone Expenses Payable Dr 800 to Bank/cash 800 (For the m/o march) And for the m/o april, we will make the provision in the m/o March Telephone expenses Dr. 200 To Telephone Expenses Payable 200 Plz advice

1 Answers  


What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?

0 Answers   UBS,


Do you know partitioning in accounting?

0 Answers  


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

0 Answers  


whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf

0 Answers  


Categories