Case 2

Whole Payment of $ 1000 made in advance on 10 Feb at the time of booking Order
Goods Imported later
Exchange rate on different dates were as follows

Date Descripton Exchange
Rate/$
10-Feb Booking of Order, Advance paid 60/$
14-Feb Date of Goods Entering India 61/$
15-Feb Rate as per Bill of Entry 62/$
16-Feb Date of Goods Entering Factory 63/$
View Answer


  1. Accounts and Finance
  2. Step 2 Passing Routine Entries
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .