if we import purchase of $ 20000 /rs. 80. but when we payment
the party the price of Rs. 50.
then how we make entry of this type of purchase.
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Answer Posted / sundriyal
purchase a/c Dr. Rs.160000.
Party A/c Cr. Rs.160000.
Payment.
Party A/c Dr. Rs.160000.
Bank A/c Cr. Rs. 100000
Exchange Fluctuation A/c Cr. Rs. 60000.
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examole of cash to cash contra entry
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