1. There is no currency in the cash register of the business about December 11, 2020 2....
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Question:
1. There is no currency in the cash register of the business about December 11, 2020
2. On December 11, 2020, the entity bought US $ 20,000 from the free market at a rate of $ 1 = $ 7.90 and put it in its safe.
3. In the afternoon of the same day, due to the sudden increase in foreign currency, the entity sold the US $ 15,000 in its safe at the rate of 1 $ = 8.02 ₺ and put the TL in its safe again.
4. The Ministry of Finance announced the exchange rate on December 31, 2020 as $ 1 = $ 7.75.
Keep journal and large records dated December 11, 2020 and December 31, 2020 accordingly.
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