Foreign Currency Transaction [message #344037] |
Thu, 28 August 2008 12:05 |
klok
Messages: 9 Registered: June 2007 Location: London, England
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Junior Member |
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I defined a conversion rate as follows: INR43 = $1 (Indian Rupees : Dollar)
I then input a journal entry to see the effect of the foreign currency conversion, but the result I got is the opposite of what I expected.
The result is:
30000INR = $1,290,000
I think it should be:
INR30000 = $697.67
I am practising using Vision 11.5.10.2
I have attached a jpg file showing a clip of these entries.
Any help will be greatly appreciated.
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Attachment: TN&Q3.JPG
(Size: 141.44KB, Downloaded 744 times)
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