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Hi All,
How GP calculate closing balance of Petty cash and Banks (other than US$ currencies) which is appearing in Trial balance?
thank you
Rashed
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Is there any answr for the above ?
is it takeing the average currency exchange rate or exact rate ?
regards
Do you mean the exchange rate for the year end closing journal? If yes it looks into the current available exchange rate for the journal date.
Inquiry---------financials……….checkbook balance
When we are printing this report and count physical cash or bank balance and compare it with the balance appearing in Trial balance, always there is a difference between them. Either less or more.
Now the question is that why these two balances are different and how GP calculate balance appearing in Trial Balance?
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