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The unrealized gains or losses

edited Jun 2, 2025 2:54PM in Ask A Guru 2 comments

After testing the period close checklist and fx-rate revaluation.I notice that the Unrealized fx-change is posted to the P&L and not to Balance sheet, that is not standard practice.
The unrealized gains or losses should be recorded in the balance sheet under the owner’s equity section as its not a realized gain/loss and is changing month from month.
Can you please explain why NS post it to the income statement?

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