Exchange difference

[匿名]

2009-08-06 3:41 am

(1) We signed a contract with Client A in the amount of US$200 and contracted out to a sub-contractor in the amount of US$100 dated 1 Jan 2009 when exchange rate was 7.8.

On 1 Mar 2009, we invoiced the Client A for US$200 when exchange rate is 7.9 and we received HK$1,570 from Client A on 1 Apr 2009. And then we pay HK$775 on 30 Apr 2009 to sub-contractor.

How to book the entries?

(2) If we have to pay the sub-contractor before receiving from Cleint A, let say we pay HK$790 to sub-contractor on 1 Mar 2009. Then we invoiced the Client A on 1 Apr 2009 and received HK$1550 on 30 Apr 2009.

How to book the entries?

回答 (1)

月光光

2009-08-15 5:50 pm

✔ 最佳答案

1.)
April 1, 2009
Bank 1,570
Sales 1,570
April 30, 2009
Sub-contractor 775
Bank 775
2.)
March 1, 2009
Sub-contractor 790
Bank 790
April 30, 2009
Bank 1,550
Sales 1,550

參考: 月光光

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