Accounts
This query is : Resolved
16 February 2012
Dear Sir,
I make billing foreign party oF $10000 as on 31.12.2012 at that time & rate is 54.00 so i make entry in tally of (10000$*54.00)=540000 but today i received payment of Rs.500000/- (10000$*50.00) than how pass this 40000/- entry & close the party account
I make billing foreign party oF $10000 as on 31.12.2012 at that time & rate is 54.00 so i make entry in tally of (10000$*54.00)=540000 but today i received payment of Rs.500000/- (10000$*50.00) than how pass this 40000/- entry & close the party account
19 February 2012
Bank - Rs. 500000 Dr.
Foreign exchange loss - Rs. 40000 Dr.
To Party A/c - Rs. 540000 Cr.
Foreign exchange loss - Rs. 40000 Dr.
To Party A/c - Rs. 540000 Cr.
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