Thank you Gordon,
But i need currency wise posting setup in G/L determination.
Please see the following and suggest me suitable answer.
Is it possible with Advance G/L account Determination...?
1.Item - ABC sales to XXX Business partner – INR 5,00,000/- VAT 1.1%
In such case, the account that comes in to picture in journal entries as follow.
A/c Name | Dr | Cr |
Revenue Of ABC – INR |
| INR 5,00,000/- |
VAT Payable |
| INR 5,500/- |
XXX– BP | INR 5,00,000/- |
|
XXX– BP | INR 5,500/- |
|
2. Item - ABC sales to XXX Business partner – USD 5,00,000/- VAT 1.1%
In such case, the account that comes in to picture in journal entries as follow.
A/c Name | Dr | Cr |
Revenue Of ABC– USD |
| USD 5,00,000/- |
VAT Payable |
| USD 5,500/- |
XXX– BP | USD 5,00,000/- |
|
XXX– BP | USD 5,500/- |
|
Thanks,
Shivanand Reddy