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8 On 10 December 2019, the company sold merchandise to a French company for 50.000 on account (receivable in 20 days). On 10 December 2019,
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On 10 December 2019, the company sold merchandise to a French company for 50.000 on account (receivable in 20 days). On 10 December 2019, the exchange rate is 6.00 TL per Euro. On 30 December 2019, the company receives the amount when the exchange rate is 5.00 TL per Euro. The record for 30 December 2019 will include which one of the following? Select one: Credit Foreign exchange loss, 50.000 TL No foreign exchange gain or loss Debit Foreign exchange gain, 50.000 TL Debit Foreign exchange loss, 50.000 TL 17:40 8 17:40 Step by Step Solution
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