E-commerce
FX Loss on USD Inventory Purchase
Recording a foreign exchange loss when the JOD weakened against USD at payment date.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Payable (USD Supplier) | Liability (-) | 10,000.00 | - |
| Foreign Exchange Loss | Expense (+) | 120.00 | - |
| Cash in Bank (JOD) | Asset (-) | - | 10,120.00 |
💡 Accountant's Note
Common for Jordanian e-commerce businesses buying products priced in USD. If the dinar weakens before settlement, the store pays more in local currency — an FX loss.
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