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Reply from VidhyaDhar on May 19 at 1:26 PM Hi Forex loss / gain are P and L account. Generally you define realization loss and gain accounts as profit and loss accounts and configure auto-triggering of such accounts during clearing. You also define similar loss and gain accounts as profit and loss accounts for forex differences and configure auto triggering of such accounts during accounts closing. All these happen for customer , vendor and G L accounts involving foreign currencies and for G L accounts withut open item management and managed in foreign currencies ( based on closing balances). You also define a balance sheet adjustment to hold the other side of double entry during accounting of forex differences and this balance sheet adjustment account appears in the balance sheet netting off ( non-destructively) your sundry debtors and sundry creditors account durng account closing. You can define such accounts minimally at company code level or more descriptively for each currency or currency type or ( currency and currency type ). Regards VidhyaDhar
| | | ---------------Original Message--------------- From: sdadusumalli Sent: Friday, May 18, 2012 6:02 PM Subject: GL Realized/Unrealized Forex Account Hi FX account is P&L Account, and select 1 for Cost element category. | | Reply to this email to post your response. __.____._ | _.____.__ |