what is revaluation?
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Answer / mounika ullikanti
Revaluation is used to identify unrealizes gain or loss which is accounting due to the exchange rate flactuation.
| Is This Answer Correct ? | 13 Yes | 3 No |
Revalualtion is a period end process to know the exchange
gain and loss of the outstanding transactions.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / gokul kris
It is a Moth-end GL close Process, in which the foreign currency transactions are revaluated with period End exchange rate. The difference of the converted and original amount will be treated as exchange gain/loss. the difference amount posted to Exchange gain/loss account( P&L, Account)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mallikharjuna reddy n
Revaluation nothing but a used to identify unrealized gain or loss amount which is occurring due to the foreign currency exchange rate fluctuations
1.unrealized gain a/c - it will represent the accounting type-revenue
2.unrealized loss a/c- it will represent the accounting type-loss
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