Imports and ExportsForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Imports and ExportsThis topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 23, 2021 at 2:41 am #621482 AnonymousInactiveTopics: 44Replies: 26☆☆I have few questions to ask please help me!While Pound being Local Currency And Dollar being Foreign Currency1) When we sell goods (expprt) to foreign customer; do customers pay in their currency or they have to pay us in Pounds?2) When we purchase goods (import) from Foreign supplier; do we pay for goods in Local currency or we have to pay in Foreign Currency? May 23, 2021 at 10:52 am #621515 John MoffatKeymasterTopics: 57Replies: 54643☆☆☆☆☆In both cases it depends what currency the invoice is prepared in.If invoices are in $’s then the customer pays $’s (and if they use another currency they will have to buy $’s).AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In