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what is the main difference between the MRC and Revaluation?
can any one tell me.
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Answer Posted / ganesh
MRC is nothing but Reporting currency in R12 which converts
every txn which you enter will be converted into foreign
currency.For this u need to create a separate ledger with
foreign currency and same cal,coa.
REVALUATION is period end process which finds unrealized
gain and loss on assets,liabilities because of fluctuations
in currency.For this we have to give gain and losses
A/Cs.For this u need to define conversion rates.
Unrealized gain/Loss----Suppose u purchased items on 01jan12
and payment done on 30jan12.The difference between rate on
01jan12 and 30jan12 gives the gain and loss.
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