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Unrealized Foreign Exchange Loss
Adjusting a foreign currency payable at year-end due to exchange rate fluctuations.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Unrealized FX Loss | Expense (+) | 300.00 | - |
| Accounts Payable (Foreign Vendor) | Liability (+) | - | 300.00 |
💡 Accountant's Note
If the exchange rate changes before you pay the bill, you must revalue the liability at the year-end 'spot rate' to follow IFRS/GAAP.
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Expert Analysis by Qusai Ahmad
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