Convert the following trial balance of New York branch (NYB) of B Limited (BL) in Mumbai. Closing

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Convert the following trial balance of New York branch (NYB) of B Limited (BL) in Mumbai. Closing stock with the branch was $ 600 B Limited showed NYB's account with Rs. 40,000 debit balance. In the books of BL branch, furniture appeared at ₹11,500. The exchange rate on March 31, 2010 was 46 and on March 31, 2011 it was 44, whereas average rate for the year was 45 per dollar.

Opening stock Purchase and sales Debtors and creditors Bills receivables Bills payables Wages and salary

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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