The Delcour group holds goodwill of 300,000 on a British operation, translated at the opening date at 1.10 euros per 1 pound (330,000 euros). At the closing date the rate is 1.15 euros (345,000 euros), a movement of 15,000. Case convention: the movement is taken to the translation reserve. Post the entry.
- Goodwill in pounds
- 300,000
- Translation movement for the year
- 15,000