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Thread: Reversal of receipt

  1. #1
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    Reversal of receipt

    Goodday the bank duplicated a receipt from a customer (i entered both receipts on pastel) then the bank reversed it a year later. How do record the reversal for the duplication? i thought of doing journal entry by Cr Bank and Dr Customer but then again it will not appear on the Bank reconciliation. Thank you in advance for your assistance

  2. #2
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    Process the receipt in the cashbook, but put a -ve sign in front of the amount. It will then also reflect on your bank recon.

  3. #3
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    Thank you so much.

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