___________________ is the process of restating accounting data recorded in one currency into another currency for the purpose of aggregating data from different reporting entities.

Question

Quizplus · Accepted Answer

The process described in the question is known as currency translation or currency conversion. Option A is partially correct because it uses the term 'conversion,' but it's incomplete as it doesn't specify the purpose of conversion. Option B and D are incorrect and sound unrelated to the accounting concept described in the question.

___________________ Is the Process of Restating Accounting Data Recorded in One