1
Q
Monetary Assets and Liabilities
A
CLOSING RATE
2
Q
Non-monetary Assets and Liabilities at HC
A
SPOT RATE AT D.O.T.
3
Q
Non-monetary Assets and Liabilities at FV
A
SPOT RATE ON REVALUATION
4
Q
Equity items (except Retained Earnings)
A
SPOT RATE ON D.O.A. OR HISTORICAL RATE
5
Q
Revenues and Expenses
A
SPOT RATE ON D.O.T. OR AVERAGE RATE
6
Q
Depreciation and Amortization Expenses
A
SPOT RATE OF THE ASSET
7
Q
Cost of sales
A
TRANSLATED BY COMPONENTS
8
Q
Exchange differences are foreign exchange G/L
A
TO BE RECORDED AS P/L
ACCTG 301 - FOREX TRANSLATION
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