Question
1. Can realized gain be termed as fx gains and an unrealized gain be termed as fx loss. 2. Can unrealized gains be netted off
1. Can realized gain be termed as fx gains and an unrealized gain be termed as fx loss.
2. Can unrealized gains be netted off a realized gain in a financial statement or recognised separately per IFRS standards.
3. How would a bank revaluation credit balance be treated in the books of a company.
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No realized gain and fx gain are not interchangeable terms Realized gain refers to a gain that has b...
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
