WHAT ARE THE ACCOUNTING ENTRIES FOR EXPORT SALES OF THE FOLLOWING TYPE
SALES VALUE US$.10000.00
FREIGHT CHARGES US$. 1000.00
NETT F.O.B. VALUE US$. 9000.00
Customs Exchange Rate on LET EXPORT DATE $1= ₹.62.00
BUYER Name : XYZ •
ALSO THERE IS TAX VALUE = 354808 (INR)
IGST IS = 3548 (INR)
ON PAYMENT OF IGST [NO BOND OR LUT] • ALSO IF SHIPPED UNDER LUT/BOND
Export Sales A/c credit
output IGST A/c creudt6
To XYZ CO
please write in naration about export sales for your refernece
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