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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Trial balance
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.
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.