The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the
miscellaneous receipt needs to be reversed. Which method would you advise the client to use?
A.
Carry out a standard reversal of the miscellaneous receipt.
B.
Carry out a debit memo reversal of the miscellaneous receipt.
C.
Create a receivable activity adjustment for the reversal of the miscellaneous receipt.
D.
Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.
E.
Create a journal entry in General Ledger to reverse the accounting impact created by the
posting of the miscellaneous receipt.