Interested to Buy Any Domain ? << Click Here >> for more details...
why we have to reverse the journal entries after
Revaluation?is it mandatory if why?
- 1 Answers
- 17589 Views
- Oracle, I also Faced
- E-Mail Answers
Answer Posted / haresh
Yes, it is mandatory to reverse the revaluation journals in
the following month.
Revaluation is done for computing the unrealised gain or
loss for the month-end at the time of the preparation of
the financial statements, inorder to depict a correct
picture of the current assets and current liabilities.
After the financial statements are generated the
revaluation journals need to be reversed as the gain is
unrealised. On realisation, the gain or loss will be
autoamtically computed by the system. If the revaluation
journals are not reversed, then it would lead to
duplication.
| Is This Answer Correct ? | 20 Yes | 6 No |
Post New Answer View All Answers
How do you adjust receivables?
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
We have both consumption tax and With Holding Tax on each invoice, will there be any conflict involved?
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
Hi I'm new in ERP - Oracle Application i appriciate if any one help me in this issue i need SQL to get badeget balance Acutal Balance Encumbrance Balance fund Avalable thanx ahmed
What is meaning of deprecation?
How do u bridge the gaps in functional understanding of AP,GL,FA. explain with some live examples.
what r issues faced in gl
What is the Invoicing System in Oracle R12
Provide an overview of AR cash receipt processing.
What is Reporting of financial data in a project.
Payables Applications Technical Reference Manual
Recurring Problem Posting i have Journals for sep 2018 that i approved but they are not available to post even though the period is open in Oracle R12 Issues
could you please post some work around that any body have done in the financial modules.
Can I do a payment of 50 bills on a post date. If yes, then how?
