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What is Journal categories ? and what are reversal methods ?
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Answer Posted / mstapps
General ledger uses categories to describe the
purpose of your journal entry. Such as a payments or
receipts.
REVERSAL METHODS : are two types
1. Switch Dr/Cr
2. Change sing
you can choose Switch Dr/Cr or Change
sing as the reversal methods to use when reversing a
journal entry
| Is This Answer Correct ? | 16 Yes | 1 No |
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