bank reconciliation, Accounting Basics

hello, i am in Malaysia and try to reconcile a bank statement in USD.
I am confuse on which currency should i follow to enter the bank transactions.
If follow in USD, i could not taly my double entries, which i have to show the expenses in MYR (Malaysia Ringgit)
If follow in MYR, then i could not reconcile the bank, which the bank balance at the end of the month does not tally with the USD.
Please help
Posted Date: 12/20/2012 1:43:24 AM | Location : Malaysia







Related Discussions:- bank reconciliation, Assignment Help, Ask Question on bank reconciliation, Get Answer, Expert's Help, bank reconciliation Discussions

Write discussion on bank reconciliation
Your posts are moderated
Related Questions
Q. What is the use of balance sheet? Balance sheet -- a statement of the financial position of a company at a single specific time(often at the close of business on last day

Management accountants may or mayn't be CPAs. If a management accountant passes an examination prepared and graded by the Institute of Certified Management Accountants (ICMA) and m

Q. Example of Periodic inventory procedure? Periodic inventory procedure Merchandising companies selling small unit value merchandise such like nuts and bolts Christmas cards n

Q. FIFO under perpetual inventory procedure? FIFO under perpetual inventory procedure in perpetual inventory procedure the ending balance in the Merchandise Inventory account r

The capital structure of Wild West Inc. is as follows: -    Debts: $5,000,000 (face value) bonds with coupon rate at 8.00% and present price at par -    Preferred shares: $2,000

What should companies not show as non-current assets in their balance sheets? A  plant bought on hire purchase B  plant fully depreciated C  plant held on finance leases D  pla

Q. Consistency in accounting principle? Consistency necessitates that a company use the same accounting principles and reporting practices through time. Consistency makes possi

Q. What is matching principle? Expense recognition is closely related to as well as sometimes discussed as part of the revenue recognition principle. The matching principle sta

Q. Describe about chain discount? Occasionally the list price of a product is subject to several trade discounts this series of discounts is a chain discount. Chain discounts s

Q. Prepaid expenses and deferred charges? Prepaid expenses, deferred charges -- assets already paid for, which are being used up or willexpire. Insurance paid for in advance is