Financial - JDE1 (MOSC)

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E1:11 Exchange rate variance (9.1)

edited Apr 1, 2015 10:01AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Dear sirs/Messrs


My domestic currency is EGP

I had entered the exchange rate for USD to EGP to be multiplied  by 1 USD = 7.00 EGP the the currency exchange rate.

I was trying to enter a journal entry as a foreign "Ledger CA" with a exchange rate of 7.2 as a USD rate as a debit $1000 and credit $1000

I was expecting to that the AA will show the Forex gain or loss as a variance of .2 , and to be charges to unrealized gain or loss

Questions

  1. What is the right behavior for the Journal entry give the FX gain or loss?
  2. What is the correct setup to sense the FX among all modules?

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