Solution-What amount will affect the profit of loss

What amount will affect the profit of loss

Reference no: EM133070550

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

Reference no: EM133070550

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What amount will affect the profit of loss : Aenthis Company a Philippine Company, sold goods on account to Britain Corporation for 50,320 pounds. What amount will affect the profit of loss

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What amount will affect the profit of loss

Reference no: EM133070550

Reference no: EM133070550

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