Value with Currency Adjustments
Question: We cut a PO for $14,020 to our German supplier.They ship (export) the products along with an invoice for EUR 8,836 onMay 12, 2008 (exchange rate is = $13,685. Our Accounts Payable pays our supplier using the Euro invoice at a laterdate and actually pays $14,128.56. For compliance purposes, should we pay the amount […]