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TOPIC: Re:Exchange Rate Gain/Loss?
#1232
liben (User)
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Exchange Rate Gain/Loss? 15 Years, 7 Months ago  
Hello Hassan
What will be the Qualifier to Exchange Rate Gain/Loss Account? Revenue or Expense?Or is it better to create two accounts?
 
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#1233
gavrobere (User)
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Re:Exchange Rate Gain/Loss? 15 Years, 7 Months ago  
You could implement two separate accounts, one for Exchange Rate Gain, and another one for Exchange Rate Loss.
However, you could also create only one account as Exchange Rate Gain/Loss account, which you can qualify as a Revenue account. This way, a debit entry to this account would be a Loss, and a credit entry to this account would be a Gain.
 
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#1238
handsonerp (Admin)
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Re:Exchange Rate Gain/Loss? 15 Years, 6 Months ago  
I just want to add this is a call made by accountants.
 
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