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Former Member
Feb 16, 2009 at 09:47 AM

Reverse Rebate Accruals

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Hi

How to Reverse Rebate accruals.In Rebate agreement type I active reverse rebate accruals but what is the process to reverse it

I created Agreement as RS 10/unit

If i created invoice for 20 qty so accrual amount = 20*10=200

My accounting entry at this stage are as follows

G/L account for accrual-credit and

Provision account for accruals-debit

I want to reverse the accruals now

what is the process

Regards

Hemant