- This topic has 1 reply, 2 voices, and was last updated 3 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
I’m having a problem understanding the Exchange rates. Please correct my two statements!
In case of RECEIVE:
we sell [Foreign Currency $] once it is received from the customer & convert that amount into [Local Currency £] from the local bank.In case of PAYABLE:
we sell [Local Currency £] and convert that amount into [Foreign Currency $] from the local bank.
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.