03 June 2010
please suggest me on correctness of the following trns
date of sale 11/09/09 500 @ 45/$
rate as on 31/03/10 - 48/$
date os receipt of bill 06/06/2010 Rate 46/$ 11/09/09 party a/c dr 500*45 to sales 500*45
31/03/2010 part a/c dr 500*(48-45) foregn Ex gain /loss (CL) 500*(48-45) 06/06/2010 bank a/c dr 500*46 foregn Ex gain /loss (CL)dr 500*(48-45) to party a/c 500*45+500*(48-45) to foreign ex gain/loss (PL) (b/f)
CAclubindia
