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- Tue Jul 06, 2010 1:53 pm
- Forum: Bookkeepers help
- Topic: How to record a foreign currency transaction in bookkeeping
- Replies: 5
- Views: 43776
Re: How to record a foreign currency transaction in bookkeeping
As a bookkeeper, I have recorded a lot of currency transaction. Remember that all transactions in currencies other than the functional currency are treated as transactions in foreign currencies. It is possible that the carrying value for an item will have been determined by a comparison of two amoun...