What is the journal entry to record a foreign exchange transaction gain? - Universal CPA Review
![](https://www.universalcpareview.com/wp-content/uploads/2021/01/JE-Fx-transaction-gain.png)
A foreign exchange transaction gain occurs when the transaction currency is different than the reporting currency for the company. On the initial transaction date, they would record the $100 sale with a debit to accounts receivable and a credit to revenue. However, 30 days later when the customer goes to pay using the current exchange
![](https://www.investopedia.com/thmb/EmGlGJPhfsokPR2XW68WzkKpwvk=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/DDM_INV_accounting-records_final-4x3-31994fdd4ca34b9eba06ab533cb92b5f.jpg)
Accounting Records: Definition, What They Include, and Types
![](https://docs.oracle.com/cd/E59116_01/doc.94/e58754/img/image015.gif)
Work with Journal Entries with Foreign Currency
![](https://cdn-dlcpm.nitrocdn.com/ZGZpjIKiBwcDdDxCgqROkCpSzKOHzmWO/assets/images/optimized/rev-779ce27/boulaygroup.com/wp-content/uploads/2022/05/Accounting-for-Investments-in-Debt-and-Equity-Securities-1.png)
Accounting for Investments in Debt and Equity Securities
![](https://pragermetis.com/wp-content/uploads/2024/03/Mary-Santoli-LI-Herald-Thumbnail.png.webp)
News - Prager Metis
![](https://64.media.tumblr.com/e301d65cf16861f2d99037e796afa43a/tumblr_inline_ns9q2sUHNk1rl7cw2_1280.jpg)
Tax, Accounting and Startups — Difference between Foreign Currency
![](https://preview.redd.it/becker-far-intercompany-transaction-retained-earnings-v0-ro3iwxq2fuv91.png?width=547&format=png&auto=webp&s=0875915a747ae816cf3986904813800618c810a4)
Becker FAR - Intercompany Transaction Retained Earnings Example
![](https://pub.mdpi-res.com/jtaer/jtaer-16-00163/article_deploy/html/images/jtaer-16-00163-g001.png?1635484670)
JTAER, Free Full-Text
![](https://www.universalcpareview.com/wp-content/uploads/2021/03/Deferred-revenue-JE.png)
What types of journal entries are tested on the CPA exam
![](https://blog.prolecto.com/wp-content/uploads/2019/10/netsuite-saved-search-financial-info-prolecto-700x400-20191019.png)
Marty Zigman on Learn How To Craft Better NetSuite Financial
![](https://magistralconsulting.com/wp-content/uploads/2024/03/Deal-Execution-Process.jpg)
Blog, Magistral
![](https://i.ytimg.com/vi/SBb0wddahvE/sddefault.jpg)
Advanced Accounting Foreign Currency Transactions
![](https://www.withum.com/wp-content/uploads/2021/10/accounting-for-foreign-exchange-transactions.png)
Accounting for Foreign Exchange Transactions - Withum
![](https://indiafreenotes.com/wp-content/uploads/2020/07/topic-4.1-1.jpg)
Accounting records for Royalty in the Books of Landlord – intactone