If invoice amount is USD 1000 @Rs.62 and directly posted at Rs.62000 on 01-01-2014 and paid amount is USD1000 @Rs.64
and posted amount is Rs.64000 on 10-01-2014. Where will go the Rs.2000 amount. And what are all entries.
Answer Posted / himanshu
1.4.14.purchase A/c Dr. 62000
To Vendor A/c. 62000
10.01.15. Vendor A/C Dr. 64000
To bank A/c. 64000
10.01.15 Forex Gain/Loss Dr. 2000
To Vendor A/C 2000
| Is This Answer Correct ? | 3 Yes | 1 No |
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