Hello
We have done forex revalaution posting on 31st July 2014,the posting was as below :
Revaluation GL - XXXXX Dr
Revaluation GL -XXXXX Dr
Revaluation GL - XXXXX Cr
Revaluation Gain account Cr.
When reversal was made on 1st Aug 2014 ,entry is
Revaluation GL - XXXXX Cr
Revaluation loss account -XXXXX Cr
Revaluation GL - XXXXX Dr
Revaluation Gain account Dr.
How can the reversal posting be different from the original posting.