Accurate Forex Gains/Losses Accounting in TallyPrime | TallyHelp
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Discover how to accurately calculate Forex Gain/Loss in TallyPrime through real-world scenarios. This video guides you through the process and demonstrates how to create and alter currencies to set Standard, Selling, and Buying Exchange Rates effectively.
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The video covers:
00:00 - Title and Introduction
00:58 - Creating Foreign Currency
02:13 - Altering the Currency
04:04 - Scenario 1: Standard Rate & Invoice Rate of Exchange are Different
06:35 - Scenario 2: Different Rate of Exchange in Invoices
07:59 - Scenario 3: Clearing a Sales Invoice Using Receipt Voucher with Different Rate of Exchange
10:38 - Scenario 4: Clearing a Sales Invoice Using Receipt Voucher with Same Rate of Exchange
13:26 - Adjusting Forex Gain/Loss Using Journal Voucher
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