Hi guys, a question on multicurrency accounting.
I transfered 1000 USD from the USD bank account to SGD bank account, I received 1350 SGD and there’s a gain of 1.16 SGD here (base currency is SGD). But in the journal transaction, the realized gain/loss from currency shows 0. Then I checked P&L, it actually shows the right amount of 1.16 gain in the statement. Anyone knows why’s it like that? Could there possibly be anything wrong with the journal transaction? Thanks!
Best answer by vkumarView original