Interested to Buy Any Domain ? << Click Here >> for more details...
what is the diff between reversal and cancellation entries?
- 3 Answers
- 6632 Views
- ABN AMRO, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / s subhalaxmi
Most of the cases both are considered in same sense,but we
use reversal when we made some mistakes while passing
entries which we need, but cancellation used when there is
no necessary for the entry at future.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / suburam
'Reversal' is a rectification of mistake.
'Cancellation' is an Adjustment.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sangeetha g
I agree with S Subhalaxmi. I have another answer too
reversal for rectification for closed period. cancellation
for open period. I mean
exp: wrong entry for rs.100 on APR 8 2009. if closed period
is Mar 08 to Apr 09. Once we closed the book as of Apr 09
and realised the rs.100 wrong so I can't cancel the entry
due to closed i can reverse in MAy 1 2009.
| Is This Answer Correct ? | 2 Yes | 0 No |
Expand ________BCSB
Expand ________GST
what is bank rate?
9 Answers State Bank Of India SBI, Syndicate Bank,
What will be the consequences if the partnership is not registered
Expand ________BCD
I need canara bank exmam model question papers. please send to this email id iyyam_vj@yahoo.com
Expand ________BBC
WHAT ARE LIMITATIONS OF ACCOUNTS ?
WHAT ENTRY SHOULD WE PASSED IN BOOK A PERSON HAVING SALARY BASIC 10000.00 HRA 4000 PF 1500.00
Acquired shares of X company worth 100000, company declared 10% as dividends, but not paid to u. Now what entry u pass while purchasing those shares, what entry u pass when company declared dividents but not paid, and what entry u pass when u receive the dividend..?
What is 100% EOu? what is the benifit and what is difficulty of it?
0 Answers Fleming Laboratories,
what is meaning bpo & kpo
Audit 
