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wholesale costume jewelry district new york city Accounting methods for foreign currency transactions: (1) Foreign exchange account system (2) Foreign exchange account system. Foreign currency transactions refer to foreign currency validies or settlement transactions, including goods or labor or labor services that buy or sell foreign currency pricing, borrow or borrow foreign currency funds and other foreign currency pricing or settlement transactions.
S specific method:
1, foreign exchange account system
Foreign exchange accounting system, also known as the division of ledger system, is directly recorded by foreign currency when the foreign currency economy business occurs, and then the end of the period will be The balance of various foreign currency accounts and the amount of discounts of national currencies, and then prepared accounting statements.
2, foreign exchange account system
The foreign exchange account system, also known as a unified currency accounting system, is divided into two types, one is the national currency unified account system, and the other is a foreign currency unified account system. The accounting of foreign exchange in my country's accounting mainly adopts the domestic currency unified account system, that is, the foreign exchange trading business recorded by the RMB as the bookkeeping unit. The economic business of multiple currencies occurs. Only auxiliary records.
Basic types:
The foreign currency transactions can have a variety of forms. Common foreign currency transactions are:
(1) Enterprise purchases or sell products and labor with foreign currency prices;
(2) Acts for the receivable or payment of foreign currency bids for financing purposes;
(3) Enterprise as the parties to the period of the current remittance contract;
(4) For other reasons, the enterprise obtains or handles assets based on foreign currency, and shall bear or settle liabilities for foreign currency pricing.
Foreign currency transactions: refers to the payment, payment, interchange settlement, acceptance of investment, and fundraising of money (ie, foreign currency) other than functional currency
Foreign currency reports: refers to companies engaged in multinational business activities, companies, It uses its functional currency to re -express the accounting procedures and methods of assets, liabilities, income and expenses such as foreign currency in some financial statements.
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