Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?
A. Reverse them in the same period as the revaluation run.
B. Both balance sheet and income statement revaluation journals should be reversed in the period.
C. Never, because each period’s revaluation adjustment is just for that period.
D. The reversals must be done at the end of each quarter.
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C
Revaluation journals for Income statement accounts using the period- to-date (PTD) method of revaluation should never be reversed.
Ref – https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F494861AN18482.htm