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..?
- 2 Answers
- 4603 Views
- GTS, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
how to calculate forefeiture of share when over subcription
Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50
my interview is on tuesday so i just want to know everything about the interview like which type of question they will ask me as i completed m.com . please helm me plz plz
Differentiate between provision and reserve?
What action could be taken by you and your manager to improve your performance in your current position?
shares convert into share capital what is the journal entry? how many ledgers need to create?
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
What are the activities that are included in the cash flow statement?
What is reversing journal entries?
Are there any questions you would like to ask?
How to post advance paid to a supplier in oracle jd edwards
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
when we purchase of tractors and two wheeler vehicle from other state what we get taxes exemptions
Define trade bills?
