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Sep 02, 2018 at 10:33 AM

How do we report Profit Loss Accounts in a Trial Balance Report


Hi Team,

I am performing the Currency Translation for Profit Loss Accounts. Generally the Profit Loss Accounts are translated by the Average rate of a period. We are reporting the LC values and Group Currency Values by the Average rate.

My question is that, since there is a difference in the values of Average rate and the month end Closing rate. So should we report the Translation difference between the Month End rate and Average rate for the Profit Loss Accounts in the Trial Balance report?