Please explain differency between MRC(Multi Reporting Currency) and ALC(Alternate Ledger Currency) i
My system is ESB in R12(12.1.3)
I had experiace of MRC in 11i, but now using R12.
Anyway i want know what is different of between MRC(Multi Reporting Currency) and ALC(Alternate Ledger Currency).
Please explain and note related document no.
Thank you in advance.