Revaluation/Reinstatement of Forex Transactions
Posted: Fri Mar 19, 2010 5:28 am
HI,
What is the process for Month end Revaluation of foreign currency Open transactions in Receivables/Payables?
Eg. Invoice raised to a customer for USD 100 booked @rate 45=4500(INR) in India and client need to do revaluation at month end closing rate @ 46 for this open Invoice and reinstate the value at 4600(INR) and also book forex gain on this
Rgds
Emanuel
What is the process for Month end Revaluation of foreign currency Open transactions in Receivables/Payables?
Eg. Invoice raised to a customer for USD 100 booked @rate 45=4500(INR) in India and client need to do revaluation at month end closing rate @ 46 for this open Invoice and reinstate the value at 4600(INR) and also book forex gain on this
Rgds
Emanuel