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- Location: India
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what is purpose of setiing of Tranlastion adjustment a/c would any one explain with example as far as i know it is used for tracking net differen due to fluctions of exhange rate. how i donot know?
Hi,
For Revenues and Expenses (exchange rate)will be applicable for period avg rate,
For liabilities and assets (exchange rate)will be appicable for period end rate
Period avg rate 45/ per 1dollar
period end rate 47/ per 1 dollar
If entry will salary a/c(DR) and cash a/c(CR)
Different exchange rate will be applicable..difference amont goes into transalation adj a/c
I hope u clear with this
Thanks
Swamy
For Revenues and Expenses (exchange rate)will be applicable for period avg rate,
For liabilities and assets (exchange rate)will be appicable for period end rate
Period avg rate 45/ per 1dollar
period end rate 47/ per 1 dollar
If entry will salary a/c(DR) and cash a/c(CR)
Different exchange rate will be applicable..difference amont goes into transalation adj a/c
I hope u clear with this
Thanks
Swamy
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