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The clearing account will get nullified with a debit and credit (there will be balance if IC entries are not complete or incorrect). Many small and medium corporations suffer because of poor financial management. Solution Group dedicates time to help business owners like you avoid extra costs. Thanks a ton!!!Thanks Madhu, it really guidesI have a question – in the example you have shown the clearing FS item is getting nullified, but in real business scenario, the clearing account has the balance to the extent of currency translation difference, and this will be reflected in Group Trial Balance, if you don’t clear it of manually. No matter the size of your organization, CKH uses its global network of expertise to better service your needs.
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