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Former Member
Jun 09, 2009 at 09:07 AM

foreign currency valuation

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dear friends,

here i having a problem while doing foreign currency postings.

problem: i have to pay foreign vendor. on april 25 i purchased from vendor and got payment due for one month time. and i made a provision for the payment. that time the dollar rate is 50. after one month when i am making payment to him the dollar rate is 45. here normally i will get a forex profit of Rs 5 on every dollar and that should be posted automaticallly when i am posting payment to vendor. how it should be posted automatically to forex profit a/c and updated. tell me the clear configuration.

thanking you

SRK