=+ (b) On 1 December 2003, STUNT sold finished goods to a Swiss company for 600,000 when
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(b) On 1 December 2003, STUNT sold finished goods to a Swiss company for €600,000 when the exchange rate ruling was €1 = Sf10.8. No cash was received from the Swiss company until 31 January 2004 when the exchange rate was €1 = Sf12.8. Tht exchange rate at 31 December 2003 was €1 = Sf9.6.
Requirement How would the transaction be recorded at 1 December 2003, 31 December 2003 and 31 January 2004?
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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