gold purchse

Question Posted / ahmed_yousif

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gold purchse..

Answer / ahmed_yousif

if possible, i want to know the best banking practise in
accounting realted with gold purchese: for example, when
the bank buy or purchse gold, which account s should be
debit and credit?

also when the bank export gold , which account be
debit /credit?

when the bank export gold to other (transit) this gold will
be in transit, so what accounts will be debited or credited
due to devaluation in price of gold go down.

how many accounts and trype )assets/lib) of accounts must
be open in statemnet of condition of the bank?

plz may you contcat me on ahmed_yousif@yahoo.com
very thanks for your help

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