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Can we modify an Account in Reckoner Chart Of Accounts?

account accounts chart reckoner
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Answer. Before any account can be modified one prior condition has to be satisfied : That account should not have been referenced in voucher definition. If this condition is satisfied then the following information can be changed. Name of the account, type of the account, party reference. In any case name and status of the account can be changed but the opening balance of the existing account cannot be changed. Changing the account status to restricted would restrict any further transaction to take place with that account.

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