1.

What Is The Purpose Of Translation Adjustment Account?

Answer»

If you translate your FUNCTIONAL currency BALANCES into another currency for reporting, or if you REVALUE foreign currency-dominated balances, you must specify a translation adjustment account.

  • PARENT – Do no enable.
  • Budget – Yes.
  • Posting – Yes.
  • Account TYPE – Ownership/Stock.

If you translate your functional currency balances into another currency for reporting, or if you revalue foreign currency-dominated balances, you must specify a translation adjustment account.


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