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Jan 24, 2012 at 05:33 AM

Depreciation was posted wrongly in previous period

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Dear All,

Our fiscal year start from July - June. Now we are in 7th period. In 6th period for one of the Goodwill asset depreciation has been posted mistakenly. Now user is asking to reverse in 7th period. is it possible to reverse depreciation in current period which was posted in previous period.

Please help me in this.

Thanks and regards,

Mr.Rao.