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15th TT: Adjustment for Currency Loss on Purchase of Vehicles (O35 F)

BIS Ltd. is importing Japanese vehicles that need accounting for. During the period between the submission of the invoice for the vehicles on February 8th, Y1 and the payment of the invoice on March 4, Y1 the Japanese Yen has changed value against the British Pound, from Yen 209.82 = £1 to Yen 200 = £1 meaning that the original invoice amount in British Pounds has increased from £42,000 to £44,062 or a currency loss of £2,062.
This unfortunate currency shift is shown below:



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