Q.1 Create a new Company namely Multi Currency – Your Name.
Q.2 Enable Multi Currency from Company Features.
Q.3 Create a currency Pound Sterling. Give £ at symbol & Pound Sterling at Formal Name & number of decimal places 2. (Note : For Pound Sterling symbol press Alt + 156)
Q.4 Create a DebtorLakhotia Computer Centre and select £ at Currency of Ledger.
Q.5 Create an item Microsoft Windows 7 & give opening balance 12 PCS @ Rs.10079.
Q.6 Company sold 10 PCS Microsoft Windows 7 @ £163.08/PCS to Lakhotia Computer Centre on 01/04/2009 & give Rate of Exchange Rs.73.28/£.
Q.7 Company received £1630.80 from Lakhotia Computer Centre through Cheque which was deposited into ICICI Bank (Rate of Exchange Rs.74.07/£) dated on 01/05/2009.
Q.8 See the report of Lakhotia Computer Centre for Unadjusted Forex Gain/Loss dated on 02/05/2009.
Q.9 Create a Voucher Class for Journal Voucher namely Forex adjustment and create a ledger of Forex gain under Indirect Income.
Q.10 Pass a transaction for adjusting the Forex Gain dated on 02/05/2009.
(Answer: Unadjusted Forex Gain/Loss Rs.1,288.34, Sale: Rs.1,19,505.02, Received from Lakhotia Computer Centre – Rs.1,20,793.36)
