I will pay my supplier in BsF Bolivares fuerte from Venezuela because there are too many problems with the conversation rate. Official rate is 2,15 BsF 1 USS.I want to open an account with your Banker - transfer Bolivares to your account that you will change in USS to pay my supplier. Is that possible. And where can I open an account? Do you have correspondence bank in Isla de Margarita or Caracas
No, it increases the liability account.
In paying supplier, I have entered the cash account wrongly in SGD instead of USD account. How to change the cash account to USD? The thing is, when I'm trying to change it to the cash account in USD, this account doesn't show. Only the USD exchange rate account is showing, and other asset/liab account as well except for the cash account in USD.
Yes. Almost all major banks in the world accept money from foreign nations. They would accept the money and credit your local account with local currency money equivalent to the foreign currency money you deposited.
Foreign Currency account
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If a customer receives a bank transfer in a foreign currency to his/her account it is standard practice to convert it into the currency of the account.
Your friend should phone, or visit, her bank branch. Only they can say why the supplier thinks that the account is closed.
increase the amount of the account payable to the supplier, and decrease an asset such as inventory.
Exchange earners foreign currency (EEFC) account . Its maintained by company or individual when they have receivable and payable in more than one currency.
This type of account is called "foreign currency account".
Debit the supplier Credit the Purchases Returns account
Buying Kinah is against the Terms and Services for the game and can get your account banned, no Kinah supplier is safe.