Where are the currency gain and losses going?


Quick question please.

I have a Paypal USD cash account and a EURO main bank account.
I have transferred some USDs to the EURO bank account, to which journal the losses/gains are moved to please?

Thank you.

Ok I found it in the profit and losses report, should this not be aswell in the balance sheet statement?

Thank you.

No, the balance sheet contains the actual movements within the bank accounts, any variations between the actuals becomes a profit or loss.

Thanks Brucanna for the reply:-)