Qtr No. 213, New Town Yehlanka Indore 454775
Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts. When should you reverse revaluation journals, if at all required?
Reverse them in the same period as the revaluation run.
Both balance sheet and income statement revaluation journals should be reversed in the period.
Never because each period's revaluation adjustment is just for that period.
The reversals must be done at the end of each quarter.
To get all Infosys Certified Oracle General Ledger Cloud Consultant Exam questions Join Group https://bit.ly/infy_premium_group
We're passionate about offering best placement materials and courses!! A one stop place for Placement Materials. We daily post Offcampus updates and Placement Materials.
Qtr No. 213, New Town Yehlanka Indore 454775
admin@prepflix.in
