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what is the difference

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what is the difference

Postby chriszz » Tue Jan 23, 2007 8:48 pm

Hi
I would like to know the difference between entries posted at posting level 01 (adjustment entries) and 10 standardization entries.
With regards
:lol:
chriszz
 
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Postby dans » Wed Jan 24, 2007 9:50 am

The only difference is that level 01 records are combined with level 00 records when the balance carry forwards is executed. My preference is to avoid using level 01 because the audit trail disappears from year to year.
dans
 
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Postby TheScotsman » Fri Jan 26, 2007 5:02 am

dans,
agree but PL01 has been useful at other clients, as it says an "adjustment to reported data" as opposed to a standardising entry.
So it makes sense (in some cases) to roll this forward and combine with PL00.
TheScotsman
 
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