Question

Q.16. Reporting currency is the
currency used

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Answer 1

Answer:

The reporting currency is the currency in which a company will report its financial statements.

Explanation:

Answer 2

A reporting currency is the currency in which an entity's financial statements or other financial documents are reported. Choosing one currency for reporting makes it easier to understand the financial documents across the board. Most often the currency used is the currency of the country in which the parent company is legally registered.