Accountancy, asked by vishaltambe22, 5 months ago

On 1st January, 2020; PQR Ltd. invoiced goods to its USA client for $ 30,000 payment was received for $ 20,000 on 1st March, 2020. The exchange rate was : 1st January 2020 : $ 1 = Rs.59, 1st March, 2020 : $ 1 = Rs.60, 31st March, 2020 : $ 1 = Rs.62; Exchange Diff. Transfer to P & L A/c on 31st March, 2020 is ___________​

Answers

Answered by rounakp2008
1

Explanation:

On 1st January, 2020; PQR Ltd. invoiced goods to its USA client for $ 30,000 payment was received for $ 20,000 on 1st March, 2020. The exchange rate was : 1st January 2020 : $ 1 = Rs.59, 1st March, 2020 : $ 1 = Rs.60, 31st March, 2020 : $ 1 = Rs.62; Exchange Diff. Transfer to P & L A/c on 31st March, 2020 is ___________

Similar questions