GL - Journal Entry for Reversal

What is the journal entry for Reversal?

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Shweta P

  • 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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