Impact of reversal of partial settlement

[Former Member]

Dear Experts,

In partial settlement (i.e. From WBSE to AUC) of project, we have done settlement of costs from all periods (i.e. period 1 to 12 of years 2007) in period 12 of 2007.

As on date we have not settled any cost from AUC to Fixed asser (i.e. we have not done the full settlement)

Can I do the reversal of partial settlement ?

If yes then what precaustions I need to take while doing the reversal of partial settlement?

Thanks & Regards

Pradip

[Former Member]

Thanks

Pradip

Edited by: pradip shelke on Nov 18, 2008 2:34 PM

[virendra_pal]

you can do reversal of partial settlement by periods

make sure you do not reverse when the period have been closed

I would check with FICO guys to be sure