Learn Accounting Knowledge with Examples.

 Forex Gain And Loss with Example & Tally workings. The forex gains or loss occurs when the transaction happens International sales and receipt Transaction. It is depending upon the value of currency. The value of currency has fluctuated day by day. That’s why the forex gains or loss transaction occurs in the book of accounts. If received amount more than sales invoice, that amount is profit. If received amount less then sales invoice that is loss.                For example, 1USD is 83.35 INR as per the day 25-04-2024, it is not fixed it might be changed depending upon the country growth and unexpected     disorders. But the forex transaction occurs in the business transactions. Let see the example for forex gain,                AI Motors LTD India based company export goods to UAE in Dollar based Currency. The company rais...

A Basic of Advance Accounting operations With TALLY Workings Index S.NO Title 1 Introduction 2 The procedure of issuing shares 3 Shares accounting operation- full and non-cash considerations (premium & Discount) 4 Shares accounting operation-allotment basis with premium &discount 5 Forfeiture and re-issue of shares with premium &discount 6 oversubscription of shares 7 Under subscription of shares 8 Sweat shares 9 Bonus shares 10 Split & Rights issues of shares 11 Dividend payable for shares 11 Shares buyback Introduction: This paper is based on how to prepare accounting entries for share issuing, capitalizing, and how the shares effects the balance sheet. Before entering into an...