You need to set up the posting profile for realized and unrealized gains and losses. Which two forms should you use? Each correct answer presents a complete solution.

The correct answer is B. Currency revaluation accounts form D. Ledger form. B: Currency revaluation accounts, where you identify the relevant account for realized gain, and loss, unrealized gain, and loss. D: General Ledger . We have also seen issues with the Gain and Loss accounts. a. General Ledger>>Setup>>Ledger Verify there is a Main account setup…

Configuring Retail Parameters for Organizational Efficiency

Question

Options

AChart of accounts form
BCurrency revaluation accounts form
CCurrency exchange rates form
DLedger form

How the community answered

(35 responses)

A
20% (7)
B
71% (25)
C
9% (3)

Explanation

B: Currency revaluation accounts, where you identify the relevant account for realized gain, and loss, unrealized gain, and loss. D: General Ledger . We have also seen issues with the Gain and Loss accounts. a. General Ledger>>Setup>>Ledger Verify there is a Main account setup for the Realized and Unrealized Gains and Loss records.

Topics

#posting profile#realized gains#unrealized losses#currency revaluation accounts

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