Interested to Buy Any Domain ? << Click Here >> for more details...
why we have to reverse the journal entries after
Revaluation?is it mandatory if why?
- 1 Answers
- 17427 Views
- Oracle, I also Faced
- E-Mail Answers
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.
| Is This Answer Correct ? | 20 Yes | 6 No |
what is the importance of below three profile options? 1.HR Business group 2.HR User type 3.HR Security
What is Reporting of financial data in a project.
Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. What is the Accounting Entry?
What is revaluation & translation ?
5 major Differences between Translation and Revaluation
What is primary set of book?
what is the md50 document and explain
What is Matching? What are the various methods of matching?
For what purpose use Mass Allocation In General Ledger. and what procedure to create mass allocation . can any body explain
what is withholding tax
how do you know chart of accounts is in Active
can any one tell me what exactly functional consultant do on daily basis? client requirements?
Oracle Apps Technical 
