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GL - Journal Entry for Reversal

What is the journal entry for Reversal?
Asked by: arameshofc | Member Since Dec-2007 | Asked on: Jan 6th, 2008

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Shweta P

Answered On : Aug 17th, 2011

Journal entry used to reverse accruals, estimates, errors or temporary adjustments.

You can reverse the journal by assigning reversal period or reversal effective date to a journal entry which you want to reverse from Reverse journals/Enter journals window.
You cannot reverse the journals that you have already reversed

  
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