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TMI BlogExport GenerX X X X Extracts X X X X X X X X Extracts X X X X ..... Export Gener X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 Material shipped on Board (B/L Date) is 10-4-2017 Party made Payment on 20-4-2017 Amount Received at our Bank - USD 9980 My question is, how to account this transaction. 1. In Tally, which sho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uld be the invoice date as entered, whether the invoice raised date or Shipped on Board Date as Invoice Date. 2. Which USD : INR Exchange rate should be used for making Invoice Entry in Tally, whethe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r as per Custom Bill Rate or prevailing Exchange rate on the date of shipment (B/L Date) 3. We receive always USD 20-50 short per remittance, how to Account this short of amount, whether Dollar Colle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction Charges or some other means. 4. USD 9980 received is converted in INR and credited to our Account on 20-04-2017, on this date exchange rate is different than on 10-4-2017, which results in FORE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... X GAIN/LOSS. How to handle it and difference will liable to gst. Kindly solve our queries. Reply By YAGAY and SUN: The Reply: RBI reference rate would be taken. Short payment would be treated as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bank Charges.
Reply By DR.MARIAPPAN GOVINDARAJAN:
The Reply:
Thanks Yagay for your reply. X X X X Extracts X X X X X X X X Extracts X X X X
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