Will exchange rate differences be calculated at the end of the period for foreign currency advances sent for import of goods?

Will exchange rate valuation be made at the end of the period for foreign currency advances sent to suppliers abroad and current account balances?

Yes, exchange rate valuation will be made at the end of the period for foreign currency advances.

When advances received or given for future deliveries of goods or services are in foreign currency, exchange rate differences should be calculated at the end of the period and taken into account in determining the profit.

Exchange rate differences arising from the valuation of advance accounts given for transactions within the scope of purchases of goods from abroad should be taken into account in determining the profit related to this transaction.

In addition, exchange rate difference calculation will be made for advances received for export of goods or services abroad.

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