USD to CAN translation entry.

I have all my sales & all purchases as well as all A/R & A/P transactions in USD and Bank accounts maintain for it is also in USD. At the end of the year, I have to translate these values in CAD. What will be the another side entry when total sales & purchases are translated into CAD taking average exchange rate of the year? Same way, what will be the another side entry when A/R, A/P and Bank balance are translated into CAD taking closing exchange rate of the year?
Thank you for your help.
Regards, Jayesh
Reply to
jayesh

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.