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Adjustment Entry

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(Querist)
04 November 2020 Dear Sir,

I Have Query About Export Ledger Adjustment . We Have sale Machine In Rs.5,00,000.00 Rawanda (South Africa ) Payment Received Rs.5,20,268.

Please Share Me Detail How Adjust Extra Payment Received Amount In Her Account
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
04 November 2020 its Gain you have to create ledger Grouped under direct income Foreign Exchange Fluctuation Gain/Loss , Excess or Shortage is considered or gain or loss as per IND AS-21The Effects of Changes in Foreign Exchange Rates.

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