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The transaction has to be recorded on the Financial Statements in the Company's currency.
Whenever a Financial Statement is published, any gains or losses caused by changes in the exchange rate are recorded as adjustments to the affected balance sheet accounts on the income statement.
The transaction has to be recorded on the Financial Statements in the Company's currency.
Whenever a Financial Statement is published, any gains or losses caused by changes in the exchange rate are recorded as adjustments to the affected balance sheet accounts on the income statement.