WebAug 3, 2024 · The net effect is the business recorded revenue of USD 6,500 and received only USD 6,100, recording a total foreign currency transaction exchange loss of USD 400 … WebAug 3, 2024 · The net effect is the business recorded revenue of USD 6,500 and received only USD 6,100, recording a total foreign currency transaction exchange loss of USD 400 (250 + 150). Since the amount has now been settled the exchange loss has now been realized. Summary. In the above examples the foreign currency (GBP) weakens from 1.30 …
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