Foreign currency valuation is a one of the activity of month end.asusewell

What is the month end activiy of GR/IR clearing account and
FOREIGN CURRENCY VALUAION.pls give me ans in detail

Question Posted / kent technologies

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Answer Posted / kent technologies

Foreign currency valuation is a one of the activity of month end.asusewell every month end we need to calculate the Foeign Currency Loss or gain on non cleared items.sothere will be a option called reversed date while running FCV..

Example-
Entries post at month end and the same will be reversed in next month begin.

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