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What is the significance of exchange rate difference adjustment with foreign currency as bookkeeping base currency?
Ensure accuracy. When enterprises conduct cross-border transactions, exchange rate differences will occur due to fluctuations in foreign exchange rates. In order to reflect the financial situation of the enterprise more accurately, the enterprise adjusts the exchange rate difference of the functional currency of foreign currency bookkeeping, converts foreign currency assets and liabilities into the value of the functional currency, and ensures the accuracy and comparability of financial statements.