WAYS OF REFLECTING THE FOREIGN EXCHANGE TRANSACTIONS MADE BY THE CURRENCY EXCHANGE OFFICES IN ROMANIA

Abstract

As in the practice of the currency exchange offices in Romania I found the lack of a consistent method for reflecting foreign exchange transactions, in this paper I will present a comparison aiming to shed light on the correct method to be used by such entities. In this respect, I will compare the daily determination method with the monthly method (for both revenues related to the turnover and for foreign exchange differences).

Keywords

• currency exchange offices
• foreign exchange differences
• accounting of foreign exchange transactions