General Ledger - EBS (MOSC)

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Use of Cumulative Transaction Adjustment Account - Translation

edited Feb 3, 2011 1:03AM in General Ledger - EBS (MOSC) 8 commentsAnswered
Hi Everybody,
In 11i during translation, Assets and liability A/C will be translated by multiplying the Period End Rate to calculate the balance where as income & Expense account will be translated multiplying  the Period Avg rate. But in R12, I guess for all type of A/C the rate will be picked as daily rate.If that is the case, then 
1. Then why should we define the Period End & Avg Rate at ASM ?
2. What is the use of Cumulative Transaction Adjustment Account ?

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