MRC and Revaluation

[nagesh]

Can any one help me ,
What is the differnce between the MRC and Revaluation?

Regards
Nagesh

[pinnaka.financial]

hi,.
nagesh

MRC=this is reporting purose
in period end rate(daly) used
here two set of books r required

REV=this is to kcow the actual balances in u r functional currency(gain/loss)
here period avg rates,period end rates and historical rates ar used
here two set of books r not required

[sri.financials]

Hi,

MRC means multiple reporting currency

If the company wants to reporting the data at transaction level then we go for MRC.
Here one primary SOB & one or more Reporting SOB is required.

Revaluation:

It means revalue of our foreign currency transactions at period end with period end rates or period average rates. If any difference in rates when transaction rate and period end rate, the difference amount goes to unrealized gain/loss A/C and reverse the entry in the next year beginning.

I think it is clear to u.

Thanks
Sri.