BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The reversal reason must be configured to allow negative postings.
|
|
|
The company code must allow negative postings
|
|
|
The posting key must allow negative postings.
|
|
|
The reversal accounts must be configured to allow negative postings.
|
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.
Detailed explanation-3: -Normal reversal posting, system post the incorrect debit as credit and incorrect credit as a debit. This reversal cause additional increase in the transaction figure. Negative posting also post the incorrect debit as credit and incorrect credit as a debit. But transaction figure will not increase.