Use of Translation Adjustment Account.
Posted: Mon May 14, 2007 8:54 am
Hi
Plz tell me the use of Translation Adjustment account.
Plz tell me the use of Translation Adjustment account.
This account is necessary if you choose to translate your functional currency balances into another currency for reporting or if u choose to revalue foreign cureency-demominated balances.General ledger automatically posts any net adjustments resulting from currency translations or revaluation to this account.
Jyothi.ch