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Former Member
Nov 29, 2008 at 02:48 PM

System currency , Balance sheet revaluated difference...

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I have a system using THB as local currency and USD as system currency.

Now , ive no transactions made in USD, but end of every month fin reports have to revaluated on the basis of a fixed rate.

The balance sheet (when revaluated) shows a Exchange Rate Difference of a small USD 0.15. I am not aware as to how this Excg rate diff is being captured, when all im doing is a revaluation (and my existing data has no USD transactions).

Please throw some details here. Appreciate it.

Cheers,

Gautam