To Accomplish the Objectives of Translation, Two Translation Methods Are

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The Answer is Under the current rate method, all assets and liabilities are translated using the current exchange rate on the balance sheet date. Revenue and expense transactions are translated at the exchange rate existing on the date each underlying transaction occurred.
Under the temporal method, monetary assets and liabilities are translated at the current exchange rate. Assets and liabilities carried at historical cost are translated at historical exchange rates while those carried at current values are translated at the current exchange rate. Revenues and expenses except those related to assets and liabilities translated at historical rates, are translated at exchange rates in effect on the dates the underlying transaction occurred.

To Accomplish the Objectives of Translation, Two Translation Methods Are

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