A company's functional currency is the currency in which it conducts most of its business.

Name: A company's functional currency is the currency in which it conducts most of its business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Functional currency is the primary currency used by a company in its day-to-day operations and is typically the currency of the economic environment in which the company primarily operates. It is also known as the reporting currency, as financial statements are prepared in this currency.

A Company's Functional Currency Is the Currency in Which It