Answer Posted / sagar moharana

1.Reversing Journals are special journals that are
automatically reversed after a specified date. They exist
only till that date
and are effective only when they are included in reports.
These are used in interim reporting in the course of the
financial
year where accruals are to be reported. These accruals are
usually short term and are cleared in the subsequent period.
However, to get a proper perspective, decision makers
require the reports with full impact of all aspects and
transactions.
2.This is also a non-accounting voucher. Unlike a Memo
voucher, this is not a separate voucher type. You can mark
an existing voucher (for example, a payment voucher or a
receipt voucher) as Optional. Press CTRL + L or click on
Optional from the Button Bar. This button toggles with
Regular. By marking a voucher Optional, the voucher does not
get posted anywhere but remains in the Optional Register.

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