Multiple currency in tally notes

Multiple currency

 

Create currency

Currency Name Shortcut Keys
Pounds Sterling Alt+156=£
Yen symbol Alt+0165=¥
Euro symbol Alt+0128=€
Dollar  $

 

 Entry using foreign currency

 

 

  1. 01/04/2017 sold 100 nos  of  digital watch to Prism times @$25/nos (invoice no- export/1). The rate of exchange on that date is 64/$. Pass the entry.

 

  1. On 02/04/2017, prism time paid $2,500 (ch. No-754210). The bank charges of $50 were incurred and the rate of exchange on that date is 66/$. Display the forex gain/loss from balance sheet and pass an adjustment entry for forex gain of prism time.

 

  1. On 01/04/2017 the following goods were purchase from 123 systems Invoice no- 123/045/17-18.
Particular Qty (nos) Rate (£) Amount(£)
Digital camera 2 55 110

 

 

The rate of exchange is Rs.85/£. Pass the necessary entry.

  1. On 02/04/2017 the company paid £110 to 123 systems against invoice no- 123/045/17-18. The rate of exchange is 82/£. The bank charges incurred were Rs.500 (corporation bank ch. No-781972).Display the forex gain/loss from balance sheet and pass an adjustment entry for forex gain/loss of 123 system.

 

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