What is the concept underlying the current rate method of translation? What is the concept underlying the

Question:

What is the concept underlying the current rate method of translation? What is the concept underlying the temporal method of translation? How does exposure differ under these two methods?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...