Exchange difference

Topics related to local GAAP, audit, laws and regulations affecting financial reporting, non-GAAP measures, investor relations, internal control over financial reporting, XBRL, pro-forma information and other similar topics.
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bolaji391
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Joined: 16 Jan 2023, 20:29

Exchange difference

Post by bolaji391 »

Hi guys,
What is the journal entry for exchange gain and loss.
Thanks.
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Marek Muc
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Re: Exchange difference

Post by Marek Muc »

Can you answer the follow-up question asked by JRSB in your previous topic first?

viewtopic.php?f=6&t=1113
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Marek Muc
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Re: Exchange difference

Post by Marek Muc »

It depends on what item they arise. See the knowledge base article:
https://ifrscommunity.com/knowledge-bas ... nge-rates/
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