Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD.

1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry.
2. shall i want to convert USD to rupees?
3. if i do like that the party ledger will be differ..
4. somebody pls tell me the way to make purchase entry.


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer



More Accounting General Interview Questions

Are all employess of Embassies and World Bank in India are exempt form paying service tax for personal and offical use of the services or only Dimplomats in case of Embassies and Selected emplyoees of World Bank are exempt from payeing Service Tax for personal/offical use

1 Answers  


where is transfer company director salary ? is in current liabilites , expenses or other?

5 Answers   Capital IQ,


what is accrued expense

4 Answers  


wages,conveyance,hra,spl allowance,P.F,& ESI payable journal entry?

4 Answers  


I need to know when you buy a asset on credit and your monthly instalment is $10000 in the books where and how do you record the outstanding liability the interest and the capital instalments.Secondly the deposit that you receive which you should still send back to the tenat where in the books do you record for entry and the contra entry.

1 Answers  






What is the difference between accumulated depreciation and depreciation expense?

0 Answers  


what is Penal account

6 Answers  


suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in receipts & payment, income & expenditure and balance sheet accounts

2 Answers  


what is the difference between accounts and finance ?

5 Answers   ABC, CA,


vijay sir, Pls, tell me what's the difference of school fees and tution's fees.pls. explain briefly.

1 Answers  


What is bank reconcilation a/c

6 Answers   Accenture, Genpact,


what is the definition of derivative, what is a security?

2 Answers  


Categories