Accounting entry currency exchange

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Category movies: Forex video

Tags: exchange, entry, currency, accounting entry, accounting

Accounting required for a forward contract which is a financial derivative instrument, how to record a forward contract on the Balance Sheet And Income Statement from both the buyers and sellers propsective,seller agrees to deliver specific amount of an asset (commodity) in the future while buyer agrees to purchase asset in the future, example includes the contract date, when asset is exchanged and revaluation or amortization of any discount or premium, also spot and forward rates, forward price, detailed accounting example with journal entries by Allen Mursau. Accounting entry currency exchange

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