Foreign Currency Business
Foreign currency business refers to the company's foreign country All kinds of currencies include payment, payment and settlement.
stay
accounting
On the other hand, foreign currency business refers to the accounting business which does not take the bookkeeping standard currency as the unit of measurement.
That is to say, in the business of collecting, paying, clearing and valuing money other than the currency of the bookkeeping standard, enterprises in our country generally take Renminbi as the bookkeeping standard currency, and pay in other currencies, and settle accounts in some foreign currencies as the bookkeeping standard currency.
Transactions between domestic enterprises are priced in currencies other than bookkeeping currencies, and they are also foreign currency businesses.
Import and export business and foreign currency
business
There is a certain link, but not all import and export businesses are foreign currency businesses.
For example, certain enterprises in China use Renminbi as the bookkeeping standard currency and import a number of commodities to the United States. If they are settled in dollar terms, they will be foreign currency businesses, but if they are settled in Renminbi, they will not be foreign currency businesses.
In accordance with the basic accounting elements identified in China's enterprise accounting standards, the following basic classifications can be made for foreign currency business of enterprises: foreign currency business caused by changes in assets, foreign currency business caused by changes in liabilities, foreign currency business caused by changes in owners' equity, foreign currency business caused by income increase or decrease, foreign currency business caused by cost increase and decrease, and foreign currency business caused by profit increase or decrease.
- Related reading
- brand building | 法國高級禮服定制公益沙龍圓滿舉行
- Association dynamics | Keqiao Textile Enterprises Visited Shenzhen Fashion Designers Association
- Recommended topics | 2019 Liuhua International Fashion Festival And Guangdong Fashion Week Opens
- Daily headlines | Robber Logic: Trump's Escalation Of Trade War Was Questioned, And Multinational Leaders Called On The United States To Stop Trade Wars.
- brand building | China (Jiangxi) Knitting And Garment Integrated Service Center Was Unveiled Today.
- Domestic data | "Adjustment" Into The First Half Of The Year Performance Of Pressure Garment Enterprises Common Action
- Departmental notices | China Has Issued The First Resource Tax Law To Accelerate The Statutory Process Of Taxation.
- Daily headlines | 2019 China Textile Industry Patent Award Review Meeting Held
- Footwear industry dynamics | New Brun X Thisisneverthat New Joint "PTU II" Military Sense Joint Series Will Soon Be On The Shelves.
- News Republic | UNIQLO UT X Yoon Hyup 2019 Joint Mickey Mouse Series On Sale
- Labor Shortage Forced Domestic Shoe Enterprises To Accelerate Pformation And Upgrading
- He Jun: What Is The Core Competitiveness Of Chinese Garment Enterprises?
- Reasons For Year-End Financial Inventory
- "Environmental Calendar" Hot &Nbsp; Can Be Pformed Into Non-Woven Shopping Bags.
- What Is The Prospectus?
- Shoe Makers Are On The Market: Who Will Be The Next BELLE?
- 鞍山：寵物服裝熱銷 價格堪比童裝
- Ministry Of Personnel And Social Affairs: Employers Refuse To Hold Social Security &Nbsp For Their Employees; The Responsible Person Will Be Punished.
- The Difference Between Rediscount And Discount
- Introduction Of Environmentally Friendly Recycled Fabrics