Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MAKE THE NECESSARY JOURNAL ENTRIES FOR FOREIGN TRADE TRANSACTIONS WITH USING SUBSDIARY ACCOUNTS 5.KICHCO Export Co. made an export contract with BWV German Co. on

MAKE THE NECESSARY JOURNAL ENTRIES FOR FOREIGN TRADE TRANSACTIONS WITH USING SUBSDIARY ACCOUNTS
image text in transcribed
5.KICHCO Export Co. made an export contract with BWV German Co. on 20.12.2018. Contract total is, 65.000 USD and parity was 6,30TL/USD. Actual date of export is 26.12.2018 with a parity 6,45 TL/USD. BMV German Co.transferred the total on 15.02.2019 with a parity 6,60 TL/USD

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Business Mathematics with Canadian Applications

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

10th edition

133052311, 978-0133052312

More Books

Students also viewed these Finance questions