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What is the entry of adjustment in foreign exchange rate

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Reference no: EM132821255

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?

Reference no: EM132821255

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