Please let me know the various accounting entries in AP &
AR for a layman. Like invoice posting, payment, offset
entries, exchange fluctuation entries, i am preparing for
an interview. PLEASE HELP
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Answer Posted / sailaja
Exchange fluctuation entries
DR. Accounts Receivables 10000 Euro
Cr Revenues 10000 E
Convert 1 Euro =.8 US $
DR. Accounts Receivables 8000 US $
Cr Revenues 8000 US $
Revalue 1 Euro =.81 US $
DR. Accounts Receivables 100 US $
Cr unrealised Gain 100 US $
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