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Foreign currency treatment - translating transactions (FR)

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Foreign currency treatment - translating transactions (FR)

Hi Everyone,

What would be the correct treatment for partly settled transactions?

E.g.
Day 1: Puchases on credit made for $100 (spot rate= 0.75)

Day 5: Partly settled payment of $50 @ exchange rate 0.77

What would be the double entry treatment for this?

Many Thanks.

April 25th 2019 AN ACCA USER

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