on 11-05-2007 2:38 PM
Dear All,
Please tell me,difference between the realized Exchange loss and unrealized exchange loss.
What is the useful of the reversal check box in foreign currency valuation ( F.05).
it is compulsory to select the reversal check box.
Hi
Realized gain/loss- If you have received the forex, then the difference between the exchange rate prevailed at the time of booking the Invoice and the date on which you received forex.
Unrealized- You are yet to receive forex, hence unrealized
Reversal Check box - Reason being you valuate your profitability at the end of a posting period. Forex gain/loss (In many countries only Loss is recognized) needs to be recognized at the end of period. In case the forex is not yet realized at the end of the period, you need to reverse on the 1st day of the next period.
S Jayaram
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