Y- Reversal of document z done?

Question Posted / t.v.s

3 Answers
7007 Views
TCS, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Y- Reversal of document z done? ..

when we post an entry we may post an wrong entry .in sap we
cannot delete any document or entry which is posted
therfore to correct or caNCELL the entry we reverse the
entry which is called as reversal entry

Is This Answer Correct ?

6 Yes

0 No

Y- Reversal of document z done? ..

Answer / annapoorna

Hi,
Reversal of document's are done only for rectifying the
wrong entries. By changing the required fields,one can do
reversal of documents.Generally we can delete/vanish any
entry in books of accounts but in SAP there is no chance of
such things and for that purpose SAP allows the application
of "Reversal of documents".
As we know there are three types of Reversal of documents
which to be followed:
1. Individual Reversal
2. Mass Reversal
3. Reversal of Reversal
As per case to case it must be applied.

# Just for rectification purpose.
Thanks
Annapoorna

Is This Answer Correct ?

7 Yes

1 No

Y- Reversal of document z done? ..

Answer / guest

reversal of document will done for any prepaid expenses or
by mistake any entry posted at that time for nullify the
same, we can use reversal.

Is This Answer Correct ?

2 Yes

0 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

Shall I transfer my company code data from one system to another system through a devise. If yes please let me know.

2 Answers

What is our role in production support and post implementation support as a fico consultant?

0 Answers

What is the new fi-gl in fi in ecc? : fi- general ledger

0 Answers

What is sap r/1, r/2, r/3 ? Or difference between r/1,r/2,r/3 ?

0 Answers

What are ‘commitment’ line items in co?

0 Answers

what is a standard cost? and what is a target cost?

2 Answers TCS,

Hi all...After dunning run has carried out the customer has not received the dunning note... what all could be the possible reason...?

1 Answers Siemens,

What is an asset transfer date? : fi- asset accounting

0 Answers

Explain what is posting key and what does it control?

0 Answers

Is it possible to create an asset class automatically? : fi- asset accounting

0 Answers

How do you take the balances onto fixed asset reconciliation accounts during data take-on?

0 Answers

How is intrest calculation on arrears for customers posted to GL Accounts

1 Answers

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here