2. Have you received the selling price of USD income?
Answer two questions together:
You must look at this problem from the bank's point of view so as not to be confused. For example, after your foreign currency is paid in, you must change it into RMB. At this time, from the bank's point of view, banks buy foreign currency and sell RMB, so they use the purchase price. When you need to pay foreign currency, you need to convert RMB into corresponding foreign currency for remittance. At this time, from the bank's point of view, it is to sell foreign currency and buy RMB. Therefore, the sales price is used. The so-called buying and selling is viewed from the perspective of banks. Whether buying or selling, banks will never suffer. Enterprises generally lose money. Whether buying or selling, enterprises generally form financial expenses. Because the income from foreign exchange trading is also the intermediary business of banks, the income from this intermediary business accounts for a large proportion of the total business income of banks.
3. What method is used for month-end adjustment?
At the end of the month, only the exchange rate changes are generally adjusted. It is now stipulated that the spot exchange rate should be used for accounting, and the exchange rate at the end of the month should be adjusted. The exchange rate difference enters the accounting expense _ foreign exchange gain and loss account.