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Guest

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Guest (Querist)
23 July 2009 if i exports goods at dollar 17500 exchange rate is 49.25 per dollar and i gets the payment @50.25 per dollar then wht will be the entry
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Jitender

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Jitender (Expert)
23 July 2009 Bank dr 50.25
to debtor 49.25
to exchange gain 1
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saurabh

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saurabh (Expert)
24 July 2009 1 Debtor 49.25
To Sales 49.25
(On booking sales)]

2 Bank dr 50.25
to debtor 49.25
to exchange gain 1
(On reciept of money)

3 Exchange gain 1
To P&L A/c 1
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