Define: Gains And Losses

UK Accounting Glossary

Definition: Gains And Losses


Quick Summary of Gains And Losses


This typically refers to losses due to foreign currency transactions. The fluctuation of exchange rates between the time a payment is made and when the bank converts the currency may result in a gain or loss.



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https://payrollheaven.com/define/gains-and-losses/
Modern Language Association (MLA):
Gains And Losses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/gains-and-losses/.
Chicago Manual of Style (CMS):
Gains And Losses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/gains-and-losses/ (accessed: September 20, 2019).
American Psychological Association (APA):
Gains And Losses. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/gains-and-losses/

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This glossary post was last updated: 26th December 2018.