JOURNAL ENTRIES IN FUNCTIONAL CURRENCY PROBLEM 2: INTEREST RATE FLOOR
F-1 On purchase of interest rate floor trade: (T-1 @ FX Rate: 1.4587)
F-2 On accounting for premium at the inception of interest rate floor trade: (T-2 @ FX Rate: 1.4587)
F-3 On accounting of premium received at Bank account: (T-3 @ FX Rate: 1.4511)
F-4 FX Currency gain/loss:
F-5 On accounting of interest on interest rate floor: (T-4 @ FX Rate: 1.5360)
F-6 On valuation of interest rate floor as on date: (T-5 @ FX Rate: 1.5800)
F-7 On accounting of interest accrued on valuation date: (T-6 @ FX Rate: 1.5800)
F-8 On reversal of interest accrued on valuation date: (T-7 @ FX Rate: 1.5800)
F-9 On accounting of interest on ...
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