Banking
Foreign Currency Deposit Opened (USD Account)
A customer opens a USD savings account and deposits $10,000.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| USD Nostro / Vault (USD) | Asset (+) | 10,000.00 | - |
| Customer USD Deposits (Liability) | Liability (+) | - | 10,000.00 |
💡 Accountant's Note
Foreign currency deposits are recorded in the original currency. The bank's functional currency (JOD) financial statements translate these at each reporting date, creating FX translation adjustments.
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