We have in our balance sheet a liability of 1.000€ corresponding to a US supplier who invoiced us a 1.000$ purchase. On the 31st December the exchange rate is 1$=0,99 euros. What is the entry we should post?

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10  Exchange losses  (668)  a  Trade payables foreign currency (4004)    10

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1.000 (4004) Trade payables foreign currency     Banks     (572) 1.000

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10    Trade payables foreign currency (4004)     Exchange gains (768)       10

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I do not know the answer

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We will do nothing until we pay the debt

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We have in our balance sheet a liability of 1.000€ corresponding to a US supplie...

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