10 October 2024
Dear Ca Club Expert, I want to know about the some accounting entry with gst and income tax for my given query in below mention here: Please give me the some solution because I am some little about confusing
My company name is ABC india Pvt Ltd located at India sold export goods to XYZ located at europe detail is given below here Sales booked on 04/03/2024- DOLLAR 5000 @ 83.30
Remmitance received to Bank on 28/03/2024 dollar 5000 @ 84.50
Bank has credited the amount to me 412750 means @ 82.55
How to treat this loss from 84.50 and 82.55 either exchange loss or bank
Please pass the complete accounting entry and any other entry if you su ggest me for above example
10 October 2024
Why i booking the profit difference between 83.30 and 84.50 if i am remmitance recd 84.50 bank crediting 82.55 (difference 84.50 and 82.55 ) please clarify
CAclubindia
