There are two kinds of exchange rates used by enterprises. One is the variable exchange rate, that is, the exchange rate of each business at that time, and the other is the fixed exchange rate, that is, the exchange rate on the first day of each month is used as the exchange rate of all businesses in that month.

No matter what exchange rate an enterprise adopts, it is necessary to set up an exchange gain/loss account.

exchange gain or loss

I. This account accounts for the gains or losses of foreign currency monetary items of enterprises (finance) due to exchange rate changes.

Second, this course generally has no detailed subjects.

Three, the main accounting treatment of exchange gains and losses:

The debit of this course reflects the exchange losses caused by exchange rate changes, and the credit reflects the exchange gains caused by exchange rate changes. The ending balance of each foreign currency detailed account shall be converted into the functional currency according to the ending exchange rate. At the end of the period, the difference between the amount of functional currency converted at the exchange rate and the balance of foreign currency account, if it is a credit balance, debit the foreign currency account and credit it to this account; If it is a debit balance, debit the account and credit the foreign currency account.

Four, at the end of the period, the balance of the undergraduate project should be transferred to the "profit this year" subject, and there is no balance in this subject after the carry-over.