Accounting financial accounting. Accounting for cash transactions in foreign currency (the most important)

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Accounting financial accounting. Accounting for cash transactions in foreign currency (the most important)

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68. ACCOUNTING FOR CASH TRANSACTIONS IN FOREIGN CURRENCY

Cash received from foreign currency accounts in banks is accounted for on a sub-account 50-4 "Cash desk in foreign currency". Accounting for cash transactions in foreign currency is carried out in accordance with the general procedure established by the Central Bank of the Russian Federation. The financially responsible person is the cashier. An agreement on full individual financial responsibility is concluded with him. A limit in foreign currencies is established at the cash desk. Organizations receive foreign currency to pay for business travel expenses. Payment and expenditure of currency for other purposes is prohibited.

Accounting for travel expenses is one of the most common cash transactions in foreign currency. The time of an employee's stay on a business trip abroad is set according to the marks in the passport. A travel permit is not required. Upon returning from a business trip, the employee must, within three days, submit to the head of the organization for approval an advance report with documents confirming the reliability of expenses.

The employee's debt under the under the report as an advance to amounts in foreign currency is listed in the accounting of the organization as a foreign currency debt. In connection with the change in the current exchange rate of the ruble against the foreign currency issued for the report, there may be exchange rate differences, which in correspondence with account 71 are referred to the financial result - to account 91.

If the documented expenses of an employee sent abroad exceeded the amount issued to him under the report, then by order of the head of the organization they can be reimbursed by order of the head of the organization.

Debt to an employee can be redeemed as follows:

▪ transfer of funds in foreign currency from the current foreign currency account of the organization to the foreign currency account of the specified resident employee in an authorized bank or to the foreign currency account of a non-resident employee in an authorized bank or non-resident bank;

▪ issuance of the debt amount in cash foreign currency;

▪ issuance of the equivalent of the debt amount in rubles, calculated at the exchange rate to foreign currencies established by the Central Bank of the Russian Federation on the date of debt repayment.

Account 71 "Settlements with accountable persons" is debited for the amounts issued under the report in correspondence with cash accounts and credited for the amounts of travel expenses according to the sources of reimbursement.

The main accounting entries for accounting for travel expenses in foreign currency are as follows: Dt 50-4, Kt 52-1; Dt 71, Kt 50-4; Dt 71, Kt 50-4; Dt 50-4, Kt 71.

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