- standard money; standard coin
- Article4the "functional currency" refers to the currency of the primary economic environment in which the enterprise is operated.
- And gold serves as standard money had capacity of infinite law countervail bank certificate is ok convertibility becomes gold coin.
- Gold coin standard system regards legal standard money as gold coin and silver quits position of house fractional currency or money its freedom is cast and ability of infinite law countervail is restricted.
- It is standard money of charge to an account with the rmb commonly in chinese mainland for example without special situation be a rmb.
- Article9.renminbi shall be the standard currency for accounting.
- In principle a joint venture shall adopt renmibi as the standard currency for accounting.it may also adopt a foreign currency for the same purpose upon agreement by the parties to the joint venture.
- The bookkeeping standard currency is rmb adopting the internationally common accrual system and debt-credit bookkeeping method.
- Where a foreign currency is adopted as the account standard money the factors considered and the method of converting the foreign currency into rmb shall be stated.
- Normally the circumstance falls zhang is thin in the standard money of charge to an account that the amount of the economic business of account decides with system of enterprise interior accounting will decide be in so zhang is thin in the mark that need not add a money designedly.
- Where a foreign currency is adopted as the standard currency for accounting the joint venture shall convert such currency into renminbi when it prepares and submits its financial and accounting statements.
- Differences arising from conversion into the standard currency for accounting due to different exchange shall be entered as losses or gains on exchange.