Reversal of unrealized Gain/Loss
Dear All experts,
Our company just subscribed to SAP about a month ago.
And we learned from our consultant that we are advised to do reversal for BP when we do reval of foreign exchange.
My question is, because this is not our practise before SAP, so Im not too sure about this, If I were to do this reversal on the first day of following month, should I do it on JUST the BP? what about the rests asset(bank a/c) and liability(loan etc) account? Should I reverse them too?