You need to revalue the foreign currency transactions in the Accounts payable subledger.
Which two statements describe what the foreign currency revaluation job accomplishes?
Each correct answer presents a complete solution.
A.
Settled vendor transactions are revalued by using the effective exchange rate for the
specified date.
B.
Open vendor transactions are revalued by using the effective exchange rate for the
specified date.
C.
The differences between the original posted amounts and the revalued amounts are
posted to vendor accounts as unrealized transactions.
D.
The differences between the original posted amounts and the revalued amounts are
posted to vendor accounts as realized transactions.
I would say that correct answers are B and C.
B -> The revaluation will only consider transactions with open quantities.
C -> As open transactions, the revalued amounts should be posted to unrealized accounts.