FIFO Currency Revaluation Calculations
- Jhelver Layderos
Conditions | Revaluation | ||||||
|---|---|---|---|---|---|---|---|
Total Amount | Total Amount (Foreign Currency) | Foreign Currency Balance | Book Value | LILO Value | Gain (Loss) | Book Value Adjustment Entry | LILO Value Adjustment Entry |
Not equal to 0 | Greater than 0 | Total Amount (Foreign Currency) | Total Amount | Search LILO Amount (Debit) (Foreign Currency) → Amount column equivalent | LILO Value | Dr. Gain (Loss) Account | Dr. Bank Account |
Not equal to 0 | Less than 0 | Search LILO Amount (Credit) (Foreign Currency) → Amount column equivalent | Dr. Bank Account | Dr. Gain (Loss) Account | |||
Not equal to 0 | Equal to 0 | 0 | 0 | 0 | 0 | <none> | <none> |
Equal to 0 | Equal to 0 | 0 | 0 | 0 | 0 | <none> | <none> |
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