Examlex
What is purpose of footing and crossfooting the column totals in special journals
To foot a column of numbers is to add it.
Foreign Currency
Currency used in a country other than one’s own, requiring exchange rate conversion for transactions and financial reporting.
Closing Rate
The exchange rate used to convert foreign currency transactions and balances into the reporting currency of a company at the end of an accounting period.
Historical Rate
The exchange rate at which a foreign currency transaction was converted into the reporting currency at the time of the transaction.
Fluctuation
Variations or changes in value or level, often used in the context of financial markets or economic indicators.
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