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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. H 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 - What amount will affect the profit of loss in 2019? What amount will affect the profit of loss in 2020?
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