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Question - In 12/10/2018 Company Y (Jordanian Company) purchased goods from German Company at price 1,000,000 EUR, the deal assumes to pay in EUR in 15/4/2019. Note that JD is the functional currency of company Y. the exchange rate for EUR as follow:
Date Exchange Rate
12/10/2018 0.810
31/12/2018 0.830
15/4/2019 0.800
What is the entry of adjustment in foreign exchange rate in 31/12/2018?
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