A firm takes out a spot loan amounting 100.000 Euro on 14 May 2020 (1 = 5 TL). Maturity is 50 days, interest is 5 %. Which one will not be included in the accounting record when the loan is paid off (1 Euro = 10 TL)?

Select one:

Foreign exchange loss debit 500.000

Foreign exchange gain credit 500.000

780 Financing expenses 6.944 debit

Bank Loans 500.000 debit