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Post Info TOPIC: How do i journal this multicurrency transactions?
stav


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How do i journal this multicurrency transactions?
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I'm using quickbooks

 

my home currency is GBP

 

on 1/1/2024 i purchased from a store in USA $100 stock which my bank converted to 90 GBP and utilized my GBP balance.

 

on 1/10/2024 i asked for a refund, but upon refund...my bank (revolut) Opened a new balance in my bank in USD and deposited the $100 there (and it did not cancel the first transaction)

 

on 1/11/2024 i converted the $100 into GBP within my bank revolut app and that is now 91 GBP...

 

How do i journal the above?

 

Thanks!



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