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Revaluation accounting entry
Posted: Tue Nov 11, 2008 11:16 am
by ratnalusantosh
Hi,
Client is taken a loan 10000 us dollar at currency rate 47 and now 48 when i GL revaluate what accounting entry will come and where i have to see the accounting entries
Please any one replay
Thanking you
santosh
Posted: Wed Nov 19, 2008 10:16 am
by umamahesh_jv
Hi Santhosh,
When u run GL revaluate program it automatically creates journal entry with the values you specified in account high and low in revaluation program.You can see the entry by querying the jounal name given in the revaluation report.
Hope it cleares ur doubt.
Regards
Mahesh
Posted: Wed Nov 19, 2008 3:04 pm
by hiszaki
Hi santosh
You can see this journal after following the Mahesh scenario in the journal form with category revaluation.
Thanks
Hisham Zaki
Posted: Fri Nov 21, 2008 2:36 am
by pinnaka.financial
hi
santosh
that revalution entry will generate automatically in journal form
ift is loss then
loss A/c Dr
To Liability A/c
if it is gain it may reverse
thanks
Narayan
Posted: Sat Nov 22, 2008 4:24 am
by krishnareddy.erp
Hi,
Narayan can u tell me what are the journak entries occured in the process of Revaluation.
Pls consider as urzent
Thanks in Advance,
krishna
Posted: Mon Nov 24, 2008 2:34 am
by pinnaka.financial
hi
krishna
i was already given the answer for that question
plz find that