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5 days ago

bank-to-bank transfer posting doubts.

63 Views Last edit 4 days ago 2 rev

Hello. I have a doubt with the following scenario.

A transfer is made between bank accounts. One account is EUROs, the other is USD.

We transfer 50000 Euros from the EUROS account to the USD account.

The company currency is CHF. The transaction currency is EURO.

The accounting journal entries generated are as follows.

Local set of books


IFRS set of books


The 55.231,05 USD is the correct amount of USD.

What is driving me crazy doubts is why the transaction appears in EURO in the G/L account, when it is a USD account.

In the GL account of the USD Banck Account, the amount is shown in EUR, not in USD.


Any help is welcome,.. Thank you very much!!

Have a nice day.


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