Unrealized Exchange Loss

Code: 5322
👁 Views: 42

Account Information

Account Type Income Statement
Normal Balance Debit

Definition

Unrealized losses arising from revaluation of foreign currency balances

Common Journal Entries

Record unrealized FX loss at period end

Dr. Unrealized Exchange Loss
Cr. Foreign Customers

Reverse unrealized FX loss

Dr. Foreign Customers
Cr. Unrealized Exchange Loss

Transfer unrealized to realized loss

Dr. Realized Exchange Loss
Cr. Unrealized Exchange Loss

Unrealized loss on foreign currency liability

Dr. Unrealized Exchange Loss
Cr. Foreign Suppliers

Record unrealized FX loss at period end

Dr. Unrealized Exchange Loss
Cr. Foreign Customers

Reverse unrealized FX loss

Dr. Foreign Customers
Cr. Unrealized Exchange Loss

Transfer unrealized to realized loss

Dr. Realized Exchange Loss
Cr. Unrealized Exchange Loss

Unrealized loss on foreign currency liability

Dr. Unrealized Exchange Loss
Cr. Foreign Suppliers