A company has a bank in Euros but the accounts are prepared in GBP. Bank is reconciled showing a nil balance but the trial balance has a bank balance. How to proceed?

Hi Ahmad5, Are you looking to revalue the currency? The trial balance will always be in the GBP currency whereas the bank account chart of account will be in the currency(Euros), if you think the trial balance is still wrong you would need to revalue the currency. Any questions please just reply back here 😊