journal entries for foreign bill purchase
This query is : Resolved
08 April 2011
iam working in an export firm . i want to know journal entries for foreign bill purchase ,entries for packing credit loan , related entries for current a/c etc
08 April 2011
1. CURRENT A/C ..........DR
TO, PACKING CREDIT
2. PARTY ..........DR
TO, EXPORT SALES
3. FOREIGN BP/BD ..........DR
TO, PARTY
4. PACKING CREDIT ..........DR
TO, FBP/FBD
TO, PACKING CREDIT
2. PARTY ..........DR
TO, EXPORT SALES
3. FOREIGN BP/BD ..........DR
TO, PARTY
4. PACKING CREDIT ..........DR
TO, FBP/FBD
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