Foreign exchange gain or loss calculation

dileep kumar (1 Points)

06 July 2023  

A Ltd whose functional currency is INR, raised sales invoice for 1000 USD on 1st Jan 2023 @ INR 80 per USD. On 15th Jan 2023, received the full amount in Euro where 1Euro=95 INR, 1 USD = 85 INR and 1 Euro= 1.25 USD. Calculate the exchange gain or loss.