05 August 2022
HAI SIR, I AM WORKING SEZ UNIT, WE ARE 100% EXPORT BUSINESS. I NEED SOME CLARIFICATION FOR BOOKING FOR SALES, RECEIPT & CONVERSION ENTRY. 1. SALES ENTRY : CUSTOMER A/C CR $ 1,000/- @ 69/- = RS. 69,000/- TO SALES A/C DR $ 1,000/- @ 69/- = 69,000/-
2. WHEN THE MONEY RECEIVED : CUSTOMER A/C DR $ 1,000/- @ 70/- = RS.70,000/- EEFC BANK A/C CR $ 1,000/- @ 70/- = RS.70,000/- DIFFRENCE AMOUNT RS.1,000/- FOREX GAIN ( THIS AMOUNT ACCOUNT GOES TO CUSTOMER A/C )
3.BANK ENTRY RELATED : WE RECEIVED PAYMENT FROM CUSTOMER ON 01.07.2022 $ 1,000/- @ 70/-
WE ACCOUNT IN TALLY FOR BANK ENTRY : CUSTOMER A/C DR $ 1,000/- @ 70/- = 70,000/- EEFC BANK A/C CR $ 1,000/- @ 70/- = 70,000/-
EEFC TO LOCAL BANK TRANFER A/C. EEFC AMOUNT CONVERT INTO LOCAL CURRENCIES.
EEFC BANK A/C DR $ 1,000/- @ 72/- = RS.72,000/- TO LOCAL BANK A/C CR $ 1,000/- @ 72/- = RS.72,000/-
BALANCE RS. 2, 000/- EXCESS IN BANK BOOK .
HOW TO ADJUST IN BANK BOOK. WHICH LEDGER PASS THIS DIFFRENCE. KINDLY GUIDE ME .
CAclubindia
