Question
Fill in the missing blanks for how these items relate to each other: Type of transaction Foreign Currency against USD Foreign Exchange Gain or Loss
Fill in the missing blanks for how these items relate to each other:
|
| Type of transaction | Foreign Currency against USD | Foreign Exchange Gain or Loss | Explain WHY |
| a. | Export sale | Depreciates |
|
|
| b. | Import sale |
| Gain |
|
| c. |
| Appreciates | Loss |
|
For 1a., explain in English to some poor soul who is neither in accounting nor finance what is happening.
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Accounting Cases In Hong Kong The First Hksa Case Competition
Authors: HKSA Case, Monograph Work GP
1st Edition
9629370883, 978-9629370886
