Buying and Selling Exchange Rate


There should be option to define the buying and selling exchange rate in the system as it is standard practice across the globe that when company pays to vendor in foreign currency, company need to buy currencies at selling rate which is usually higher than the market rate and when company rec...

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Category: General Ledger (413)

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Needs Votes

Leasehold Accounting for Fixed Asset


There has come changes in the IFRS 16 and Indian Accounting Standard 116 related to leasehold account where the assets hired on lease need to shown as fixed assets at discounted present value based on the future payments discounted at estimated interest rate at which the assets could have been t...

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Category: Fixed assets (154)

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Needs Votes