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Answer Posted / madhu
Reversal Posting means we try to rectify the entry we have
passed earlier.The error may b because of:
1) Wrongly Debiting/Crediting a Party.
2) Excess payment to a party,so we do reversal to rectify
the entry.
3) Wrong Assignments 2 wrong party.
| Is This Answer Correct ? | 11 Yes | 4 No |
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