Featured Post

TNTET 2017 BREAKING NEWS

TNTET 2017 BREAKING NEWS | ஆசிரியர் தகுதித்தேர்வு நடத்த அனைத்து ஏற்பாடுகளும் தயார்...ஓரிரு நாட்களில் முறையான அறிவிப்பு வெளியாகிறது...| விண்ண...

Thursday, January 10, 2013

what do you mean by Foreign Exchange accounting facility in tally 9


Yes , it is true that tally provide the facility of foreign exchange accounting . In tally 9 , it is known as Forex accounting . It means , if any company deals more than one country , that company maintain their accounts in multi currency and after this with tally 9 , the company can calculate net profit or loss due to the changes in exchange rate .

Suppose , Rohit has sold good 1000 to xy co. USA at us $ 10 each ( Exchange rate $ 1: Rs. 47 ) at 1/12/2008 but when he when received amount at 12/12/2008 ( Exchange rate $ 1: Rs. 48 ) . It means he get Rs. 1 from each good unit of dollar and he gets earning from foreign exchange flactuation is Rs. 1000 . This type of Forex gain or loss can easily calculate with the help of tally9 .

No comments: