Unrealized Gain Loss: Difference between revisions
(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...") |
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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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