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.
Explanation:
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ar/recpts13.htm
You cannot create a debit memo reversal for a miscellaneous (non-invoice related) receipt. It means option A is valid.
You cannot apply Standard Reversal to posted receipts, So Option A and B is not correct.
I am not sure which is the answer to this question