FOREX transactions/differences

Where would be the best place to show FOREX differences?

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We convert any Euro transactions into sterling on the date the payment/income is received. The balance on our Euro account is converted into sterling using the FOREX rate on the last day of the month. Our accounts in Sage are shown in Sterling. This obviously results in a 'FOREX difference' which is taken to the P&L account. So, if the diferrence results in a gain, under FRS102 would you show this as income rather than net off against expenses?

Thank you in advance for any help received.

 

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