 Foreign currency transactions, and let's see a practical question. Here we will see how the accounts are translated into local currency. A-limited imported on 31st January 2020, computed from China for invoice value of 30,000 yen. As per terms of the transaction, payment was to be made in the following manner. On 31st January 2021, you imported a computer and payment was to be made in the following manner. 20,000 yen on April 30th and 10,000 yen on July 12th. As you can see, the transaction was made on 31st January. On 31st January, the rate of yen was 20.7. You have to book on this rate, debit the computers and credit the accounts. As the payment is being made, you are giving 21.3. The payment is obviously from this rate. You will have to see the amount of payment we are making. Similarly, the rest of the year ends, the balance is saved. As you have paid 20 out of 30 and 10 out of 10. You have the inventory or the computers you have read. How to translate them? Let's see. Purchase is 30,000 into 220.57. It comes to 621 debit and accounts payable 621 credit. The payment you are making on 30th April is 21.30. You have to pay the accounts payable from the old rate. But the payment you are making is 20.7, which is 420. The difference between the two is that if you are going to multiply the initial rate with 2.7, it will be 414,000. The exchange loss will be 6600. Because you will have to pay more. On the year end, the accounts payable that you have to pay, you will get cash exchange loss on the year end. Because you have 20 out of 30 and 10 out of 10. So even look at that 10. What was your original rate and what is later? Later, it becomes your rate. 27.235. So the difference of the rate will be a kind of exchange loss. Because you will have to pay more. The accounts payable will increase. And the exchange loss will be 6000 or 3000. At the end of the year, it will be in your income statement. Because these two losses will go into your income statement. And the accounts payable that has been saved in the end, you will have to adjust it with the closing rates. So even in this, you can see that you are gaining in this. So this translation you will have to do under different rates. This is if you purchase. If this is for sales, you will have to book a receivable and create sales. And accordingly, the money that will come, the rate of that particular date will receive money from it. But the original book will create it. And the difference is the gain or loss that you will book. So this is how the foreign currency business, import and export business translation will be made in park rupees. Thank you very much.