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Commission Delegated Regulation (EU) No 1268/2012 (repealed)Show full title
Commission Delegated Regulation (EU) No 1268/2012 of 29 October 2012 on the rules of application of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council on the financial rules applicable to the general budget of the Union (repealed)
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- Revised 02/08/20180.44 MB
- Revised 01/01/20181.09 MB
- Revised 01/01/20171.16 MB
- Revised 01/01/20161.20 MB
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Changes over time for: Article 240
Version Superseded: 02/08/2018
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Article 240U.K.Entries in the accounts(Article 154 of the Financial Regulation)
1.Entries shall be made using the double entry method, whereby any movement or variation recorded in the accounts shall be represented by an entry establishing an equivalence between the amount debited and the amount credited in the various accounts affected by that entry.
2.The euro counterpart of a transaction denominated in a currency other than the euro shall be calculated and entered in the accounts.
Transactions in foreign currencies in accounts which can be revalued shall be revalued at least each time the accounts are closed.
That revaluation shall be based on the rates laid down in accordance with Article 6.
The rate to be used for conversion between the euro and another currency to draw up the balance sheet at 31 December of year N shall be that of the last working day of year N.
3.The Union accounting rules adopted under Article 152 of the Financial Regulation shall specify the conversion and re-evaluation rules to be provided for the purposes of accrual accounting.
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