Hi,
Am involved in co. in Poland and if i issue invoices to Irish co. for say 100,000 PLN but only receive payment in full of 97,000 PLN (due to FX loss - customer does not owe me any more) in my bank account - is the normal treatment simply to raise a sales credit note for 3,000 PLN?
If so would the 3,000 go as a debit to sales or as a debit to P&L expenses? assume same treatment would apply in other scenario if I make a gain.
Thanks
Am involved in co. in Poland and if i issue invoices to Irish co. for say 100,000 PLN but only receive payment in full of 97,000 PLN (due to FX loss - customer does not owe me any more) in my bank account - is the normal treatment simply to raise a sales credit note for 3,000 PLN?
If so would the 3,000 go as a debit to sales or as a debit to P&L expenses? assume same treatment would apply in other scenario if I make a gain.
Thanks