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When we run the translation we can give only one rate type,
then how can we run it for two different exchange rates?
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Answer / vijay
There are two rules to run the translation those are PTD &
YTD. If you choose PTD application will take only one rate
to calculate the Asset, Liabilities, Expenses & Revenues.
If you choose YTD application will take period avg expeses
& liabilites and period end rate to assets & revenues.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / zia
General Ledger uses daily rates to perform foreign currency
journal conversions. You can maintain daily conversion rates
between any two non-EMU currencies that you have enabled in
your applications instance. For EMU currencies, you can only
enter daily rates between the EMU currency and other
currencies if the date precedes the EMU currency's effective
starting date
| Is This Answer Correct ? | 0 Yes | 3 No |
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