Expense of Foreign Currency and Payment will be done on Exchange of Currency (No Foreign Currency Bank Account) - Oracle EBS R12

https://aporaclepayables.blogspot.com/2019/07/foreign-currency-expense-on-functional.html

If you don't have Foreign Currency Bank Account and you want to book Expense of Foreign Currency and Payment will be done on Exchange of Currency. Then the Payment Process will be as follows:

Invoice and Payment Exchange Rates are same in my case.
Exchange Rate = 150

		Entered DR	Entered CR	Accounted DR	Accounted CR
Foreign Currency Invoice	Expense	5000		750000
	Liability		5000		750000
Foreign Currency Payment	Liability	5000		750000
	Foreign Currency Clearing Bank Account		5000		750000
Functional Currency JV	Foreign Currency Clearing Bank Account			750000
	Functional Currency Bank Account				750000