Monetary/non-monetary method: Difference between revisions
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imported>Doug Williamson m (Spacing 22/8/13) |
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A foreign currency translation method. | A foreign currency translation method. | ||
Non-monetary assets and liabilities are translated at their historical exchange rates, while monetary items are translated at current exchange rates. | Non-monetary assets and liabilities are translated at their historical exchange rates, while monetary items are translated at current exchange rates. | ||
== See also == | == See also == | ||
* [[Exchange rate]] | * [[Exchange rate]] | ||
Revision as of 08:46, 22 August 2013
A foreign currency translation method.
Non-monetary assets and liabilities are translated at their historical exchange rates, while monetary items are translated at current exchange rates.
