Exchange difference

Topics related to universal accounting principles and best practices, local GAAP, audit, laws and regulations affecting financial reporting, and other financial reporting topics.
This is also the appropriate forum for beginners to ask any questions, even if they pertain to IFRS.
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bolaji391
Posts: 5
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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