Cost of sales and Currency forward contract: Difference between pages

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''Accounting''.
An agreement to buy or sell a specified amount of a foreign currency at a future date for a price agreed upon today.


Cost of sales is calculated as opening stock plus purchases less closing stock plus other direct costs.
== See also ==
* [[Foreign exchange]]
* [[Forward exchange market]]


== See also ==
* [[Stock]]

Revision as of 14:19, 23 October 2012

An agreement to buy or sell a specified amount of a foreign currency at a future date for a price agreed upon today.

See also


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