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Post Info TOPIC: foreign currency
Kazza


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foreign currency
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We have paid for a subscription by uk debit card to a us supplier. The receipt is in dollars. The amount taken out is in pounds & there is a non sterling bank charge. How do I log the bank charge?

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Energise Accounting


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you convert the $ charge to sterling and then just record it i the accounts as a bank charge

DR Bank charge

CR Bank

 



-- Edited by Energise Accounting on Thursday 30th of October 2014 10:08:41 PM

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