Answer / haresh

Yes, it is mandatory to reverse the revaluation journals in
the following month.
Revaluation is done for computing the unrealised gain or
loss for the month-end at the time of the preparation of
the financial statements, inorder to depict a correct
picture of the current assets and current liabilities.
After the financial statements are generated the
revaluation journals need to be reversed as the gain is
unrealised. On realisation, the gain or loss will be
autoamtically computed by the system. If the revaluation
journals are not reversed, then it would lead to
duplication.

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5 Answers   KPIT, TCS,

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I have defined the system options,Receivable activity for REFUND in AR.And now i am getting fallowing error while creating REFUND in Receipt. ---------An unexpected error -6502 has occurred. An alert has been sent to the system administrator. ORA-01403 no data found---------

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I hv done revaluation corectly even got the result also but why report showing in warning mode in view window after refreshing ?

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What are the different ways of adding assets in FA?

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5 major Differences between Translation and Revaluation

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We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?

0 Answers   Accenture,

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What is ment by leased asset?

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WHAT IS JOURNAL SOURCE ?

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What are the asset types in FA Module?

5 Answers  

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What is Difference between Auto Copy Journal and recurring journal?

0 Answers   Evo Tech,

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