The US dollar letter of credit cannot be reflected in the balance sheet, because the letter of credit is only a conditional payment commitment of the issuing bank to the beneficiary, that is, it is impossible to determine whether the money under the letter of credit can be received before the requirements of the letter of credit are utilized and met, so the letter of credit cannot be reflected in the balance sheet.

Dollar loans need to be reflected on the balance sheet, and the short-term loan balance is the dollar loan amount multiplied by the exchange rate.