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Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › IAS 21 Foreign Exchange Difference
I would like to check, Presentation Currency is USD
Transfer USD 1,000 @ 0.90 from USD to EUR Account.
(1) Debit EUR Bank Account – USD 1,000.00
Credit USD BAnk Account – USD 1,000.00
EUR Bank Account received EUR 900.00
Should I recognize the realised exchange different based on the exchange rate (1 EUR = 1.12 USD) on the transaction date – USD 1,000.00 : EUR 900.00 @ 1.12 ?
