What is the difference between currency conversion and currency translation?
A) Currency translation takes place during the year,currency translation takes place in transactions completed by the year end.
B) Currency conversion takes place in transactions not completed before year end; Currency Translation takes place in transactions completed by year end
C) Currency conversion takes place in transactions completed before year end; Currency Translation takes place in transactions not completed by year end
D) Currency conversion takes place in transactions not completed by the year end,currency translation takes place during the year
Correct Answer:
Verified
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