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exchange gain/loss valuation error

I am getting an error in gain and loss exchange account ,the valuation in exchange gain loss should be zero for foreign currency valuation and the gain /loss diff in indian or local currency but its picking an amount for foreign currency valuation also ?please help what do i need to check to get the entry posted correctly ?

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1 Answer

  • Mar 17, 2017 at 07:48 PM

    Need complete details of the context to be able to comment.

    The exchange rate between the transaction currency and the foreign currency when the open item was created v when payment was made is the key.

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