1 - Enterprise A's FX safe balance is 1000 $ and the registered exchange rate is 4.60 TL. The entity made a year-end valuation. Since the announced rate is 4.70 TL, what is the registration to be made?
1 - Enterprise A's FX safe balance is 1000 $ and the registered exchange rate is 4.60 TL. The entity made a year-end valuation. Since the announced rate is 4.70 TL, what is the registration to be made?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1 - Enterprise A's FX safe balance is 1000 $ and the registered exchange rate is 4.60 TL. The entity made a year-end valuation. Since the announced rate is 4.70 TL, what is the registration to be made?
A) CODE AND NAME OF THE
100 02 Dollars Case 100
646 Foreign Exchange Profit 100
B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
100 01 TL Case 100
646 Foreign Exchange Profit 100
C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
100 02 Dollars Case 1100
646 Foreign Exchange Profit 1100
D) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
100 01 TL Cash 1100
646 Foreign Exchange Profit 1100
E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT
656 Foreign Exchange Loss 100
100 02 Dollars Case 100
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