Forex reval posting and its reversal posting differs

[former_member565100]

Hello

We have done forex revalaution posting on 31st July 2014,the posting was as below :

Revaluation GL - XXXXX  Dr

Revaluation GL -XXXXX Dr

Revaluation GL - XXXXX Cr

Revaluation Gain account Cr.

When reversal was made on 1st Aug 2014 ,entry is

Revaluation GL - XXXXX  Cr

Revaluation loss account -XXXXX Cr

Revaluation GL - XXXXX Dr

Revaluation Gain  account Dr.

How can the reversal posting be different from the original posting.

[Former Member]

Hi

You can reverse the valuation by selecting the 'Reset Valuation' indicator in FAGL_FC_VAL transaction. 

Also, you can reverse postings for GL Account balance valuation.

If you reverse the posted document, only the accounting entries are reversed, but not the valuation indicators.

Hope this is useful

thanks

Trinath

[Former Member]

Hi,

I think the entries will be as below. Please check.

I will mention entries from Vendor point of view on that basis you can get the idea.

1. If there is a Unrealised loss.

Unrealised loss A/c...............Dr.

To Balance Sheet Readjustment A/c......Cr.

2. If there is a Unrealised Gain.

Balance Sheet Readjustment A/c......Dr.

To Unrealised Gain A/c.....................Cr.

3. If there is a Realised Loss.

Realised Loss A/c......Dr.

Vendor A/c.................Dr.

To Bank A/c.......................Cr.

4.If there is a Realised Gain.

Vendor A/c..........Dr.

To Bank A/c....................Cr.

To Realised Gain A/c.......Cr.

If this fine and correct, please close this thread.

Best Regards,

Rohit