How to record the journal entry
This query is : Resolved
16 August 2022
How do i record a journal entry for an invoice paid by our customer from foreign?.
Example My inoivce was $ 2780.00 and i received the payment from my debtor amounting $2773.00. I realised the shortage was due to the exchange currency. How do i record my journal entry to reconcile my account?.
Example My inoivce was $ 2780.00 and i received the payment from my debtor amounting $2773.00. I realised the shortage was due to the exchange currency. How do i record my journal entry to reconcile my account?.
20 August 2023
Loss on foreign currency exchange needs to be debited in case of loss and credited in case of profits
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