Hospitality
Guest Currency Exchange Service
Recording a transaction where the hotel exchanges USD for local currency for a guest.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand (USD) | Asset (+) | 100.00 | - |
| Cash in Hand (Local) | Asset (-) | - | 95.00 |
| Exchange Commission Revenue | Revenue (+) | - | 5.00 |
💡 Accountant's Note
Many hotels provide currency exchange as a service, making a small margin on the exchange rate.
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