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This question was asked in First Payment Then Goods Imported

Respected Sir/Ma'am! Would you pls explain the third entry, i.e.

  MAX LTD USA Dr.      2000

     TO FOREIGN EXCH. FLUCTUATION    2000

I want to know if the company made purchase suffered any loss due to exch. rate diff and why Max ltd has been debited and foreign exch has been credited.

 

Thanks,

Hemant

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