The White Dove company, whose year ends 31 December, buys some goods from Ranka of France...

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The White Dove company, whose year ends 31 December, buys some goods from Ranka of France on 30 September. The invoice value is €40,000 and is due for settlement in equal instalments on 30 November and 31 January. The exchange rate is as follows: 30 September 30 November 31 December 31 January A$1.00 = €1.60 A$1.00 = €1.80 A$1.00 = €1.90 A$1.00 = €1.85 Required: Record the relevant journal entries in the books of White Dove. The White Dove company, whose year ends 31 December, buys some goods from Ranka of France on 30 September. The invoice value is €40,000 and is due for settlement in equal instalments on 30 November and 31 January. The exchange rate is as follows: 30 September 30 November 31 December 31 January A$1.00 = €1.60 A$1.00 = €1.80 A$1.00 = €1.90 A$1.00 = €1.85 Required: Record the relevant journal entries in the books of White Dove.

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Date 30Sep Purchases Particulars Accounts Payable Being purchases made on credit 30Nov Ac... View the full answer