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Answer Posted / ramakrishnareddy
expenses A/c -----------Dr 500
To cash A/c 500
| Is This Answer Correct ? | 12 Yes | 8 No |
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ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
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