Difference between JE and JE Reversal

[former_member1327294]

How can i differentiate between a Journal Entry and its Reversal Entry.

[KennedyT21]

Hi Syed,

If you done it is Reverse transaction click on Reverse check box in the journal entry screen and then "autostorno" will "Y".

Regards

Kennedy

[Former Member]

Hi Syed,

Please check below link.

Hope this help

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Regards::::

Atul Chakraborty

[Former Member]

Hi,

Try this:

select Transid, StornoToTr, StornoDate

from OJDT

where StornoToTr != 0

Thanks,

Gordon

[Former Member]

Hi Syed,

Journal Entry

A journal entry, in accounting, is recording transactions into accounting journal items.

The journal entry can consist of several recordings, each of which is either a debit or a credit.

The total of the debits must equal the total of the credits.

Reversal of Entry

It is nothing but another Journal entry;

Reversal Journal entry is just making opposite entry of the original entry.

The debit item in the original entry becomes credit item in the reversal entry and vice versa.

For example:

If the original entry is "Fuel for vehicle   Debit 10,000

                                Gas Company                           Credit 10,000"

The reversal Entry would be either

                                  "Fuel for vehicle   Debit -10,000

                                Gas Company                           Credit -10,000"

Or

                                  "Fuel for vehicle   Credit  10,000

                                   Gas Company                           Debit  10,000"

Hope you are clear now,

Regards,

JO

[Former Member]

Hi ,

Refer below link for backend different .

http://scn.sap.com/thread/1819820

-Rajesh N

[Former Member]

Hi,

You can see Cancelled on Reversed Journal Entry.

Hope you are clear now.

Thanks,

Rahul