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Trial balance

This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.

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May 11, 2018 at 3:17 pm #451245
Anonymous
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Our company has three different currencies, that is CAD, USD and UGX. We use quick books.
We report in CAD, for auditing purposes i have to prepare the trial balance in UGX.
How do i convert the transactions in USD to UGX for the last two financial years or is there a formula for getting the exchange rate that was used in October 2015.
May 11, 2018 at 5:43 pm #451388
John Moffat
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Foreign exchange is not in the syllabus for Paper F3.
I assume you are asking for practical reasons and not for exam reasons. We cannot give practice advice – we only provide help for students sitting exams. I suggest that you ask your company’s auditors.
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