E-commerce
FX Gain on USD Inventory Purchase
Recording a foreign exchange gain when a USD supplier invoice is settled at a more favorable rate.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Payable (USD Supplier) | Liability (-) | 10,000.00 | - |
| Cash in Bank (JOD) | Asset (-) | - | 7,050.00 |
| Foreign Exchange Gain | Revenue (+) | - | 50.00 |
💡 Accountant's Note
If the JOD strengthened against USD between the invoice date and payment date, the store pays less in local currency than expected. The saving is an FX gain on the income statement.
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