Foreign Exchange loss gain impact for MIGO (GR) and MIRO (IR) dollar (Foreign curr.) rate variance.

Rate = 1 Dollar

Quantity = 1000.

MIGO - Dollar Rate – 81.85 BDT.

MIGO

Stock value

MIRO - Dollar Rate - 82.00 BDT.

MIGO – Dollar Rate – 81.85 BDT.

Diff – 0.15 BDT.

Inventory update =1000 x 0.15 BDT=150 BDT.

MIRO

Inventory has been updated successfully.

For Partial issue (Raw material)

MIGO – Dollar Rate – 81.85 BDT

MIGO

Stock Value

Raw material issue - 250 PCs

FI entry 

After issue, Stock value

MIRO – Dollar Rate – 82.00 BDT

MIGO – Dollar Rate – 81.85 BDT

Diff – 0.15

MIRO

 

Stock value has been updated successfully. 

Inventory update (Residual quantity) =750 x 0.15 BDT              =   112.50 BDT.

GL 800200- F.E Gain (loss) – Realized                                     =     37.5   BDT.

                                                                                     Total : =   150      BDT.