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What amount will affect the profit of loss

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Reference no: EM133053304

Question - On June 26, 2019, Aenthis Company a Philippine Company, sold goods on account to Britain Corporation for 50,320 pounds. The date of invoice is October 29, 2019 and payment is due on January 30, 2020.

Exchange rates are as follows:

June 26, 2019 P67.50

Oct. 29, 2019 P68.70

December 31, 2019 P64.10

June 30, 2020 P62.40

Required -

1. What amount will affect the profit of loss in 2019?

2. What amount will affect the profit of loss in 2020?

Reference no: EM133053304

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