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Please Help: accounting of buyer credit

Posted Date : 18-Jun-2015 , 08:31:47 pm | Posted By: Samarth

Category : Accounts | Answers : 0| Comments : 0| Hits: 270

later year we show $126000 LC payable under contingent liability , however in current year , we take buyer credit against that lc , how we accounting of these transaction at , how currency fluctuation booked and at what exchange rate.

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