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Aug 29, 2007 at 05:14 PM

GR/IR Foreign Currency Valuation

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Should the GR/IR account be considered for foreign currency valuation?? Right now I have them to accept "Balaces in local currencies only" Would they be valuated or I will have to unselect that check box?

Also, I have other Balance sheet GL accounts which have "Balances in local currency only". Would I have to uncheck that to do the foreign currency valuation??