Conversion Differences G/L Account

[Former Member]

Dear Gurus,

If I were to set the conversion differences (gain/loss) account, which drawer under Chart of Account I should register to?

Please kindly advise. Thank you in advance.

Best Regards

Liem

[Abdul · Accepted solution]

It could be under non operating income and expenditure or under any drawer except cost of sales or operating cost relevant to profit and loss statement

[EricAlo]

Shouldn't this be under Equity >> other comprehensive income since this is related to translation from local currency to system currency?