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Reverse

Reverses the current journal entry. Reversing an entry creates a new entry, dated today, that reverses the debit and credit amounts. Account assignments are not affected.

For example, reversing an entry with these debit, credit, and account assignments

Account

Debit

Credit

Salary Expense

$25,000

 

Accrued Salary

 

$25,000

creates the following new journal entry:

Account

Debit

Credit

Salary Expense

 

$25,000

Accrued Salary

$25,000

 

KB ID# H_JOURNAL_REVERSE
9/25/2016 6:59:57 AM
QYPPRDQBKSWS05 9138 Pro 2017 97948f