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Answer Posted / rahmath
translation is a reporting tool, which is used to translate
accounting balances or transactions from functional
currency to froeign currency..
THE RULES OF TRANSLATION..
u cannot enter the jornals in first period..
why beacause this is the rule of FASB(financial accounting
standard board)..
the next and future period should be open.
ex:- jan
feb----enter transactions
mar--open
| Is This Answer Correct ? | 2 Yes | 1 No |
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