Different accounted amounts for a foreign journal in Primary Vs Secondary Ledger
SummaryDifferent accounted amounts for a foreign journal in Primary Vs Secondary Ledger
I have a Singapore primary ledger (SGD_Functional_Ledger) and secondary ledger (SGD_IFRS_Ledger) with the same COA,accounting method,accounting calender & currency (SGD). A foreign currency journal (USD) is entered into primary ledger on 1st October using the exchange rate (USD-->SGD) of 2. The primary ledger journal got posted/approved on 6th October and got copied over to secondary ledger (because of primary to secondary mapping) and got posted the same date. The secondary journal picked up the exchange rate (USd-->SGD i.e. 2.5) of 6th October.