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Pound Sterling
The official currency of the United Kingdom, which is one of the world's oldest currencies still in use.
Accounts Receivable
Money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
Temporal Method
A technique used in foreign currency translation that uses exchange rates based on the timing of the original transaction.
Remeasuring
The process of adjusting financial statements to reflect fair values or changes in exchange rates, often used in foreign currency translation and in fair value accounting.
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