The books are kept in …. A document in another currency enters the ledger at the rate of the day it was raised — and a rate is never guessed: without one, the document is refused.
A document uses the rate of its own date, or the most recent one before it — a business does not stop trading at the weekend. Nothing published after the date is used. When an invoice is settled at a different rate, the difference is posted to the exchange gains and losses account on the day the money moved, and the customer or supplier account clears to nothing.
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