The transactions of „FOREIGN” Ltd. are the following:

The company sells goods to a foreign customer. The selling price on the invoice is 2,000 EUR. The transaction date is 1^st July (the exchange rate is 340 HUF/EUR).

A customer transferred its liability to the company on 3^rd September. (the buying exchange rate is 325 HUF/EUR, the selling exchange rate is 335 HUF/EUR.

The company purchases goods from a foreign supplier. The purchase price on the invoice is 3,000 EUR. The transaction date is 21^st July (the exchange rate is 330 HUF/EUR).

The company transferred its liability to the supplier on 17^th September. (the buying exchange rate is 340 HUF/EUR, the selling exchange rate is 345 HUF/EUR.

The entity does not have a foreign currency bank deposit.

Answer the questions! Enter a value without spaces and other punctuation! Give your answers in HUF!

How much is the initial value of foreign trade receivables in HUF?
How much is the received money in HUF at the date of the financial settlement?
How much is the realized exchange difference in HUF at the date of the financial settlement on 3rd September? (If it is a loss, mark it with the – sign, if it is again, with a +sign without space!)
How much is the initial value of foreign trade payables in HUF?
How much is the paid money in HUF at the date of the financial settlement?
How much is the realized exchange difference in HUF at the date of the financial settlement on 17th September? (If it is a loss, mark it with the – sign, if it is again, with a +sign without space!)

Answer rating: 100% (QA)

Invoice Amount of receivable 2000 EUR Exchange rate on transaction date 1 st July 340 HUFEUR Initial ... View the full answer