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Example On 1 December 2016, the company purchases $100,000 (exchange rate: 3.00 TL/USD) goods from China. The trade is cash against goods. The payment is

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Example On 1 December 2016, the company purchases $100,000 (exchange rate: 3.00 TL/USD) goods from China. The trade is cash against goods. The payment is done on 1 February 2017. The exchange rate is 3.20 TL/USD and 3.30, on 31 Dec.2016 and on 1 Feb.2017, respectively. Make the journal entries including year-end entries in compliant to IAS

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