Education
FX Gain on Foreign Tuition Fee (USD to JOD)
Recording an exchange gain when USD tuition from international students is converted at a favorable rate.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank (JOD) | Asset (+) | 3,580.00 | - |
| Student Accounts Receivable (USD) | Asset (-) | - | 3,550.00 |
| Foreign Exchange Gain | Revenue (+) | - | 30.00 |
💡 Accountant's Note
Schools enrolling international students and billing in USD are exposed to FX movement. When the dinar strengthens, USD receivables convert to more JOD than expected — an FX gain.
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