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According to 21, Please if the foreign exchange arise from operation can be in presentation appear under cost of sales?
An extract from the course notes! (page 111)
Accounting for any exchange difference (exdiff)
• the exdiff is part of the profits (or loss) for the year
• no guidance is given as to exactly where, within the Statement of Profit or Loss and Other Comprehensive Income, the exdiff should be included
• generally accepted practice
• if it’s from trading transactions, include within operating
• if it’s from financing transactions, include within financing
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