Assigning a Legal Entity based in US to a EURO Primary Ledger

Summary

Is it acceptable to assign a legal entity from one country to another countries/currency Primary Ledger?

Content

Hi All

We have an interesting scenario whereby an organization does not use the legal address of the legal entity to determine which primary ledger it is assigned to. For example, They may have a US based legal entity which takes on a DEBT in EURO, they then end date the legal entity in the US ledger and recreate the legal entity in order to assign it to the EURO ledger. Once that debt is cleared they may then take debt on in a different currency again and as such complete the same process, end dating the legal entity, completing other processes