If a U.S.company's credit sale to an international customer allows payment to be made in a foreign currency,the sale transaction is recorded using the exchange rate on the date of sale.

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Nurul Aqilah · Accepted Answer

Final Answer : True, Explanation :  This is true. When a U.S. company sells goods or services to an international customer and allows payment to be made in a foreign currency, the transaction is recorded using the exchange rate on the date of sale. This is because the company is exposed to the risk of fluctuations in the exchange rate between the date of sale and the date of payment, so it needs to record the transaction at the value it expects to receive in U.S. dollars.

If a U.S.company's credit sale to an international customer allows payment to be made in a foreign currency,the sale transaction is recorded using the exchange rate on the date of sale.

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