7 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 100 01 TL CASE XXX 100 02 DOLLAR CASE XXX 646 01 EXCHANGE PROFIT XX Which transaction belongs to the accounting record made? A) Year-end appraisal has been made to the FC in the vault. B) The bank received foreign currency from DTH. C) Foreign currency was bought with a positive exchange rate difference. D) Foreign currency has been sold due to negative exchange rate difference. E) Foreign currency has been sold with a positive exchange rate difference.

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter10: Long-term Assets: Fixed And Intangible
Section: Chapter Questions
Problem 28E
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7 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT

100 01 TL CASE XXX

100 02 DOLLAR CASE XXX

646 01 EXCHANGE PROFIT XX

Which transaction belongs to the accounting record made?

A) Year-end appraisal has been made to the FC in the vault.


B) The bank received foreign currency from DTH.


C) Foreign currency was bought with a positive exchange rate difference.


D) Foreign currency has been sold due to negative exchange rate difference.


E) Foreign currency has been sold with a positive exchange rate difference.

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