Difference between revisions of "Unrealized Gain Loss"

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(Created page with "==Unrealized Gain/Loss== This is the same as Foreign Currency Revaluation, which is to revaluate all the outstanding transactions in foreign currency, and to find out if ther...")
 
 
This is the same as Foreign Currency Revaluation, which is to revaluate all the outstanding transactions in foreign currency, and to find out if there is any unrealized gain/loss according to current exchange rate.
 
<span style=color:red>The difference is:</span> each revaluation will also auto generate the journal entries should there is unrealized gain/loss, but the entries will be reversed on the next day; which means the original (initially traded) exchange rate will remain and be recognised and compared with the subsequent revaluation or payments.
 
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