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need answer with explanation for sage 50 accounting Regarding a purchase from a foreign vendor, when the exchange rate for a foreign currency increases between
need answer with explanation for sage 50 accounting
Regarding a purchase from a foreign vendor, when the exchange rate for a foreign currency increases between a purchase and a payment - a. the difference between the two rates is debited to the linked expense account for tracking exchange rate differences b. the difference between the two rates is debited to the asset or expense account for the purchase c. the difference between the two rates is credited to the linked expense account for tracking exchange rate differences d. the payment amount is set by the exchange rate at the time of the purchase Step by Step Solution
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