Accounting treatment of exchange gains and losses, accounting treatment of exchange gains and losses

1. If the unified accounting system is adopted, the balance at the end of the period (month) in foreign currency of each foreign currency monetary item shall be converted into the amount of the base currency of accounting according to the exchange rate at the end of the period (month). The difference between the amount in the base currency of the account and the amount in the base currency of the original book, which is converted at the exchange rate at the end of the period (month).

1. If it is an exchange proceed, debit: relevant account, credit: this account;

2. If the opposite accounting entries are made for exchange losses.

Debit: this account, Credit: related account;

2. If the accounting system is adopted, at the end of the period (month), the balance of all "currency exchange" accounts expressed in foreign currency will be converted into the amount of the base currency of accounting at the exchange rate at the end of the period (month), and the amount of the converted base currency of the account shall be compared with the balance of the account of "currency exchange - base currency of accounting".

1. Credit difference.

Debit: "Currency Exchange - Base Currency" account, credit: "Exchange Gains and Losses" account;

2. Debit difference.

Debit: Related Account, Credit: This Account;

3. This account accounts for the exchange gains and losses arising from foreign currency transactions of enterprises (finance) due to exchange rate changes.

4. At the end of the period, the balance of this subject should be transferred to the "current year's profit" account, and there should be no balance in this account after the carryover.

I wonder if the amount payable to Company A you are talking about is an existing payable, or if the 33,300 in 2011 is a new payable? Your question is what you want to ask, and it doesn't seem to be clearly described. Exchange gains and losses should be adjusted on a quarterly basis, such as:

If the revenue of $30,000 in 2011 was recorded in the first quarter, and the accounts payable of $53,000 were already in existence at the end of 2010 and the 333,000 were not repaid in the first quarter, then the $18,690 and the accounts payable of $33,300 at the end of 2010 should be accounted for, and at the end of the first quarter, assuming that the exchange rate became, the exchange gains and losses arising from these two components should be calculated.

The specific accounting treatment is as follows.

1. When settling foreign exchange (foreign currency to RMB).

Borrow bank deposits (RMB, real figures).

Borrowing financial expenses (the difference between the borrower and the borrower, if the borrower is less than the credit, it is an exchange loss, in blue, if the borrower is greater than the credit, it is in red).

Credit bank deposits (foreign currency, RMB figures are calculated according to the bookkeeping exchange rate) 2. When purchasing foreign exchange.

Debit bank deposits (foreign currency, calculated according to the accounting exchange rate) to borrow financial expenses (the difference between credit and debit, if the debit is greater than the credit, it is the exchange gain, in red, if the debit is less than the credit, it is the exchange loss, use the blue letter).

Credit bank deposits (RMB, actual payment figures).

3. When the exchange rate is adjusted at the end of each month, if the exchange rate at the beginning of the month is lower than the exchange rate of the previous period.

Borrowing finance costs Exchange losses.

Credit bank deposits (in foreign currency).

Borrowing finance costs Exchange losses.

Credit Accounts Receivable (Foreign Currency).

Borrowing finance costs Exchange losses.

Credit prepayment (in foreign currency).

Borrowing financial expenses Exchange proceeds.

Credit Accounts Payable (Foreign Currency).

Borrowing money to show the cost of foreign exchange gains.

Credit Advance Receivables (Foreign Currency).

Summary. Hello! Dear, for your official answer, the financial treatment of foreign exchange gains and losses has the following three points:

1. The exchange gains and losses incurred are included in the financial expenses of the current period. During the period of production and operation, the exchange gains and losses calculated at the end of the period of the foreign currency account are included in the financial expenses of the current period, but the exchange gains and losses of borrowings related to the purchase and construction of fixed assets (including long-term loans and bonds payable) that meet the conditions for capitalization shall be included in the construction in progress.

2. The exchange gains and losses belonging to the preparatory period shall be included in the long-term amortized expenses, and shall be included in the profit or loss of the month of commencement of production and operation at one time from the month in which production and operation begins.

3. The exchange gains and losses of special foreign currency borrowings directly related to the purchase and construction of fixed assets shall be handled in accordance with the principle of handling borrowing costs.

Hello! Dear, for your official answer, the financial treatment of foreign exchange gains and losses has the following three points: 1. The exchange gains and losses incurred are included in the current financial expenses.

During the period of production and operation, the exchange gains and losses calculated at the end of the period of the foreign currency account are included in the financial expenses of the current period, but the exchange gains and losses of borrowings related to the purchase and construction of fixed assets (including long-term loans and bonds payable) that meet the conditions for capitalization shall be included in the construction in progress. 2. The exchange gains and losses belonging to the preparatory period shall be included in the long-term amortized expenses, and shall be included in the profit and loss of the month of commencement of production and operation from the month of the commencement of production and operation. 3. The exchange gains and losses of special foreign currency loans directly related to the purchase and construction of fixed credit products shall be handled in accordance with the principle of handling borrowing costs.

Foreign Exchange Loss: Borrow: Financial Expense - Exchange Gain or Loss, Credit: Bank Deposit, Accounts Receivable, etc.

Exchange Income: Borrow: Financial Expenses - Exchange Gains and Losses, Debit in Red, Borrow: Bank Deposits, Accounts Receivable, etc., Borrow in Round and Dry Square.

The main accounting treatment involved in exchange gains and losses is as follows:

1. When exchanging earnings, borrow: bank deposits, credit: financial expenses - exchange gains and losses, 2. When exchange losses roll over:

Debit: Finance Expenses - Exchange Gains and Losses, Credit: Bank Deposits.

3. Exchange gains and losses, also known as exchange differences, are the result of fluctuations in exchange rates. When an enterprise conducts foreign currency transactions, exchange operations, account adjustments at the end of the period, and converts foreign currency statements, it is a positive difference converted according to the base currency of the account due to the use of different currencies or different exchange rates for the same currency. To put it simply, the exchange gain and loss is the difference in the amount of the accounting base currency caused by the use of different exchange balance ratios in the accounting treatment of various foreign currency transactions.

First of all, the accounting standards stipulate that when accounting in foreign currency, an enterprise can use the spot exchange rate on the transaction date or the approximate exchange rate of the spot exchange rate for translation. In other words, it is not necessary to use the exchange rate on the first day of the month.

Secondly, when calculating the exchange difference at the end of the period, the spot exchange rate at the end of the period is used.

Here's a simple example:

Sales of goods on January 3, 10,000 US dollars receivable, exchange rate on the day; The exchange rate on January 31 was; On February 10, the payment was recovered, and the exchange rate on the day of the collapse was .

Debit: Accounts receivable 76000 (10000

Credit: main business income 76,000

2. Month-end adjustment:

Debit: Accounts receivable 1000 (10000

Credit: Financial Expenses Exchange Difference 1000

3. When received:

Loan: Bank deposit account 75000 (10000 financial expenses 2000 (76000 + 1000-75000) credit: accounts receivable 77000

Normally, foreign exchange gains and losses should be processed once a quarter, but nowadays the exchange rate changes relatively quickly, so if a company has a lot of foreign currency business, it is usually processed once a month.

The specific accounting treatment is as follows:

1. When settling foreign exchange (foreign currency to RMB).

Borrow: Bank deposit (RMB, take-home number).

Borrow: financial expenses (the difference between the borrower and the borrower may be disturbed, if the debit is less than the credit, it is an exchange loss, and it is a blue letter, if the debit is greater than the credit, it is an exchange gain, and it is in red).

Credit: Bank deposit (foreign currency, RMB figure calculated according to the accounting exchange rate) 2, when purchasing foreign exchange.

Debit: Bank deposits (foreign currency, RMB figures calculated according to the accounting exchange rate) Debit: financial expenses (the difference between credit and debit, if the debit is greater than the credit, it is the exchange gain, in red, if the debit is less than the credit, it is the exchange loss, in blue).

Credit: Bank Deposits (Shibi Search History, Actual Payment Figures).