What Is Revaluation?

1.	What Is Revaluation?
Answer» It is process used to REVALUE assets and liabilities denominated in FOREIGN currency into functional currency based on period end EXCHANGE rate we specify. Unrealized gains/losses are resulted because of exchange rate fluctuations which are recorded in unrealized gain/loss ACCOUNT in GL. It is process used to revalue assets and liabilities denominated in foreign currency into functional currency based on period end exchange rate we specify. Unrealized gains/losses are resulted because of exchange rate fluctuations which are recorded in unrealized gain/loss account in GL.

Answer»

It is process used to REVALUE assets and liabilities denominated in FOREIGN currency into functional currency based on period end EXCHANGE rate we specify. Unrealized gains/losses are resulted because of exchange rate fluctuations which are recorded in unrealized gain/loss ACCOUNT in GL.

It is process used to revalue assets and liabilities denominated in foreign currency into functional currency based on period end exchange rate we specify. Unrealized gains/losses are resulted because of exchange rate fluctuations which are recorded in unrealized gain/loss account in GL.

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