|
Invoice in Base Currency |
|||
|
Invoice Amount |
WHT |
Debit |
Credit |
|
1000
|
20 |
Supplier Control Account 1000 Withholding Tax Account 20 |
Bank 980 |
|
Invoice Amount |
WHT |
Invoice Exchange Rate |
Invoice Exchange Rate
|
Debit |
Credit |
|
1000 |
20 |
30 |
31 |
Supplier Control Account 1000@ 30 = 3000 Withholding Tax Account 20 @ 30 = 600 |
Bank 980 @ 31 = 30380 Exchange Rate Variance - 980 |
|
Invoice Amount |
WHT |
Invoice Exchange Rate |
Payment Exchange Rate |
Debit |
Credit |
|
1000 |
20 |
30 |
31 |
Supplier Control Account 1000 @ 30 = 30000 Withholding Tax Account – 20 @ 31 = 620 |
Exchange Rate Variance - 1000 |