How the GEC looks on the General Ledger

On the general ledger, the General Error Correction e-document creates two sets of entries:

1. A reversing set of entries against the original transaction:
   • If the entry or entries being corrected are expenses, a credit for each entry will be created by the GEC.
   • If the entry or entries being corrected are income entries, a debit for each entry will be created by the GEC.
2. A new set of entries to reflect the correctly intended transaction:
   • If the original entry or entries are expenses, a debit entry or debit entries would be created by the GEC.
   • If the original entry or entries are income entries, a credit entry would be created.

GEC Accounting Lines

General Ledger Original Entries and the Reversal Entries

New Entries to Correct Full Accounting Unit