what is the diff between reversal and cancellation entries?
Answer Posted / 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 |
Post New Answer View All Answers
What are events occuring after the balancesheet date?
Short answer on Amalgamation
Expand-------ASRT
Expand---------MDOT
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?
When we are raised a interstate invoice then which type invoice we are raised
example of aptitude ns
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
Expand---------PSRT
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
what is mean by T and E cosept