transfer

[Lesb]

Hello,

if there is a transfer of funds from a foreign currency account to a local currency account, all of which are in one account. will it be categorized as capital to the local currency account?

 

[kirby]

There should be separate accounts for different currencies. Overall you need to keep the books in one currency then apply the rules of foreign currency conversion to the foreign currency. Anyway, no, the transfer is not capital.