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about exchange rate difference

Dear Expert

My client is using 'HKD' for local currency and system currency.

And he has a account which is using 'HKD' for saving account.

one day, he use 10K USD to buy a machine for fixed asset, assume use 78K HKD to pay.

When do the exchange rate on 31/12.

the exchange rate difference is 0.5K HKD.

He said that he really use 78 HKD to buy, why has this difference?

Can anyone let me know how to explain it?

Regards

support.

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4 Answers

  • 6 days ago

    Dear SBOTEAM SBOTEAM,

    When he purchase that FA, you need to put same exchange rate.

    So your USD and HKD will show properly as expected.

    If there is any change in Ex. Rate, it directly impact on HKD and based on it, your exchange rate difference account will come into picture.

    Best Regards,

    Sandesh Shinde

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  • 5 days ago

    Dear Sandesh Shinde

    If local currency and system currency both are HKD or same currency, is it not necessary to do the exchange rate difference?

    Regards

    Support

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  • 5 days ago

    Dear SBOTEAM SBOTEAM

    It is not about System currency and Local currency.

    It is about transaction which are in Difference currency.Then you Ex. Rate scenario comes into picture.

    Best Regards,

    Sandesh Shinde

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  • 4 days ago

    Let me try to get the screen capture for more discussion.

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