BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which prerequisites must be fulfilled before you can use negative postings? Note:There are 2 correct answers to this question.
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The posting key must permit negative posting.
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The reversal reason must allow negative postings.
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The company code must permit negative postings.
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The reversal reason must allow alternative posting dates.
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Explanation:
Detailed explanation-1: -Which prerequisites must be fulfilled before you can use negative postings? The company code must permit negative postings. Reversals reasons must be configured to all negative postings. In your company code, document splitting is active.
Detailed explanation-2: -Negative postings are used to reduce the transaction figures in G/L, customer, and vendor accounts. This allows you to give the transaction figures (following the reversal) the status they would have had without posting the reversed document and its reversal document. This type of reversal is called a negative posting.
There is 1 question to complete.