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-   -   End of Period Adjustments - Foreign Currency (https://www.askmehelpdesk.com/showthread.php?t=772626)

  • Oct 25, 2013, 12:26 AM
    Leah56
    End of Period Adjustments - Foreign Currency
    If an inventory purchase was made 1 June in a foreign currency and recorded at the spot rate, but the invoice was not paid until 30 July with goods not hedged, does there need to be an adjusting entry prepared at 30 June before preparation of financial statements?

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