Reference no: EM133137213

Question -

(a) Fluorescent Berhad, whose year end is 31 December, issued invoices in both RM and SGD to its' customer, Tube Ltd in Singapore on a few occasions as per below:

(i) The invoice amount on 31 March 2020 is RM10,000 and is paid on 30 April. The amount received is exactly the amount of RM10,000 converted in SGD on 31 March 2020.

(ii) The invoice amount on 30 June 2020 is RM60,000 and is paid via two

(2) instalments on 31 August 2020 and 30 September 2020 equally. The amount received is exactly the amount of RM60,000 converted in SGD on 30 June 2020.

(iii) The invoice amount on 30 September 2020 is RM20,000 and only SGD7,000 was paid on 30 November 2020.

(iv) The invoice amount on 30 November 2020 is RM30,000 and remains unpaid.

The exchange rate moved as follows:

Year 2020 SGD1 - RM

31 March 2.30

30 April 2.50

30 June 2.50

31 July 2.70

31 August 2.30

30 September 2.80

30 November 3.00

31 December 2.30

Required - Calculate realised / unrealised exchange gains or losses arise for each of the above transactions.