Explain how a gain or loss on a forward contract is dealt with in the accounts if
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Explain how a gain or loss on a forward contract is dealt with in the accounts if the contract is entered into before the period-end but does not close out until post year-end.
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When entering into a forward contract before the periodend that remains unsettled at the end of the accounting period accounting rules dictate specifi...View the full answer
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Related Book For
Financial Accounting And Reporting
ISBN: 9781292399805
20th Edition
Authors: Barry Elliott, Jamie Elliott
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