Answer / deepthi

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

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

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.

asset class is defined at clint level or company code level?

4 Answers   Bosch, HCL,

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What is depreciation key? : fi- asset accounting

0 Answers  

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could you plz help me understanding or give an example about the accounting treatment "journal entry" in MM business cycle at the following : 1- When goods receipt 2- when MODVAT are Captured 3- Invoice varification 4- vendor payment and please how i could revers an entry when material is rejected thanks

0 Answers   BTS,

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Explain about a shortened fiscal year?

0 Answers  

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WHAT IS THE MEANING OF SORT KEY? WHY DID U SELECT AT THE TIME OF GL CREATION? WHAT IS THE DIFFERENCE BETWEEN ACCOUNT CURRENCY AND CO.CODE CURRENCY AND ONLY BALANCES IN LOCAL CURRENCY?

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What is the difference between account based profitability analysis and costing based profitability analysis?

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What are the use of document types ?

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Hallo Frend i m faced 6 to 7 interview and my frend also and we collect this question & required ur different type explanation & answer plz reply. 1. why do we request parallel currency? 2. do we give currency to chart of accounts ? 3.if fiscal years are different for 2 different company codes with usd and inr currencies respectively. how do you generate combined reports in usd currency? 4. is it possible to have different currencies for gl accounts under one chart of accounts ? if yes what is the significance? 5. how the opening & closing of periods is done for fi ? 6. what is the relation between fi & co and ho the accounting flow takes place? 7. explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects? 8. what is the need for balance interest calculation maintenance of setting in case a financial decides on interest rates and loan repayment due dates etc all other issues and we only need to pay the interest amount ? 9. how many currencies can be given to a gl account ? 10.why do we give different posting key for different transactions ?

1 Answers  

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Name the standard stages of the sap payment run?

0 Answers  

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how to issue a single cheque payment for multiple open items for a single vendor in automatic payment program (f110). becoz normally we issue a single cheque for each open item, but if we want to issue a single for a number of open items then how to customise it?

6 Answers   Cognizant,

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Explain open sql vs native sql?

0 Answers  

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How do you connect to your servers?

5 Answers   IBM,

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