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Nominal Ledger Transactions from Stock Revaluations

When you mark a Stock Revaluation as OK and save it, a Nominal Ledger Transaction will be generated automatically if you have so determined in the Sub Systems setting in the Nominal Ledger and in the Number Series - Stock Revaluations setting. An example Nominal Ledger Transaction created from a Stock Revaluation record is shown below.

For each Item that you have revalued, postings to the value of the revaluation will be made to a Stock Account and to a Variance Account. If the revaluation reduced the value of an Item, the Stock Account will be credited and the Variance Account will be debited. If the revaluation increased the value of an Item, the Stock Account will be debited and the Variance Account will be credited.

The Variance Account(s) in the Nominal Transaction will be the Account specified in the Var. A/C field in the header of the Stock Revaluation record. By default, this will be the Stock Revaluation Variance Account specified in the