Editing Book Keeping Task/Consolidated currency exchange
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Then separately we represent the exchange rate. We transfer from the Canadian dollar credit card account to the US Dollar credit card account. At the specified exchange rate US$2.00 is paid off and CAD$2.25 is owing. | Then separately we represent the exchange rate. We transfer from the Canadian dollar credit card account to the US Dollar credit card account. At the specified exchange rate US$2.00 is paid off and CAD$2.25 is owing. | ||
== Fund accounting == | == Fund accounting == | ||
- | + | {{link|Members:Book Keeping Task/Fund Accounting}} can have a similar effect to paying multiple bills. | |
- | {{link|Members:Book Keeping Task/Fund Accounting}}. | + | |
Say in July there's a single bill for US$2.00 which is charged and the exchange is again CAD$2.25. | Say in July there's a single bill for US$2.00 which is charged and the exchange is again CAD$2.25. | ||
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We may have to calculate the exchange rate to give us the precise US dollar amount. | We may have to calculate the exchange rate to give us the precise US dollar amount. | ||
E.g. CAD$1.12/US$1.00 = 1.1200, vs. CAD$1.13/US$1.00 = 1.1300. | E.g. CAD$1.12/US$1.00 = 1.1200, vs. CAD$1.13/US$1.00 = 1.1300. | ||
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== Shortcuts == | == Shortcuts == |