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A company that has foreign currency transactions will have foreign currency

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Question;A company that has foreign currency transactions will have foreign currency receivables and/or foreign currency payables. If the direct exchange rate decreases while a company has a foreign currency payable, the company will record a gain. Assume that when I was explaining this concept in class, a student did not quite understand it. Write a short, simple explanation that would best explain this concept to this student. Use a memo format.Please provide a complete, easy-to-understand explanation as concisely as possible. Your explanation should not exceed two short paragraphs.

 

Paper#41187 | Written in 18-Jul-2015

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