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Bug 781711 - Add Glossary Entry for Reversing Transaction
Add Glossary Entry for Reversing Transaction
Status: RESOLVED FIXED
Product: GnuCash
Classification: Other
Component: Documentation
2.6.16
Other All
: Normal normal
: ---
Assigned To: gnucash-documentation-maint
gnucash-documentation-maint
Depends on:
Blocks:
 
 
Reported: 2017-04-25 12:58 UTC by David
Modified: 2018-06-29 23:56 UTC
See Also:
GNOME target: ---
GNOME version: ---



Description David 2017-04-25 12:58:41 UTC
Per discussion on User list, propose adding reverse transaction definition in Glossary, as follows:

Reversing Transaction: In formal accounting, a transaction is never deleted. Therefore, when a mistake is made, the original transaction remains in the ledger, and a transaction is added to the ledger that reverses the original. This reversing transaction restores the books to the state before the error, and a new correct transaction is created. Reversing transactions are not commonly used in personal accounting.
Comment 1 David 2017-04-29 08:21:27 UTC
PR 89 committed.
Comment 2 John Ralls 2018-06-29 23:56:15 UTC
GnuCash bug tracking has moved to a new Bugzilla host. This bug has been copied to https://bugs.gnucash.org/show_bug.cgi?id=781711. Please update any external references or bookmarks.