How to updated(Control)export L/C Acceptance(Receivables-60 days )?Under which accounts it should be updated?

no any JV becouse if due date closin year so your total creditors what should be

normal  custmer DR. and sales Cr

but good questions if you are the custmer and you open the lc for other what is the jv

goods on transit DR

SUPP CR

I don't know the exact accounting rule or method...but as per my experience,now i open an Account Export L/C Acceptance Receivables Under Trade debtors....So Debit Export L/C Acceptance Receivable and Credit Customer Account....Once L/C Acceptance due and the amount credited in our bank account Then Bank Account Dr and Export L/C acceptance Cr...This is what i do now....Even though i seek any better solution....

GO FOR AN POST DATED ENTRY CR  WITH L/C NO: IN DEBTORS  AND BANK A/C DR. POST DATED ENTRY IN BOTH THE CASES WOULD BE BETTER. IAM NOT AN ACCOUNTANT BUT I MAINTAIN IN TALLY.

journal entry is passed only upon realisation of LC