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Calculate the gain or loss on exchange difference for the following situations: i Geed Sdn Bhd established in 2015 with one small boutique that sell

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Calculate the gain or loss on exchange difference for the following situations: i Geed Sdn Bhd established in 2015 with one small boutique that sell women ranging from casual wear to office attire. The company had purchased a material from Japan's company. Here are the details of the purchased for 2020: Date Details 1 October 2019 Geed Sdn Bhd purchased goods from a foreign country for RM30,000 and the exchange rates is RM1: W22 1 December 2019 The exchange rates is 22: RM1 1 September 2020 The goods were paid in full and the exchange rates is #20: RM1

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