For a filed reversal, which of the following might not be changed?

For a filed reversal, which of the following might not be changed?

• A. Effective Entry Date
• B. Service Class Code
• C. Amount of Entry
• D. Transaction Type

Answer: (C)

In the context of a filed reversal within the ACH network, the amount of the entry is typically one element that cannot be changed. A filed reversal is used to undo a preceding ACH entry, and the key purpose is to bring the same amount back to the original account, maintaining the integrity of the financial transaction. When a reversal is processed, the system is designed to reverse the exact amount of the original transaction. This maintains consistency and ensures that the financial records accurately reflect the transactions as they occurred. Therefore, altering the amount during this reversal process would negate the purpose of reversing the entry. On the other hand, elements such as the effective entry date, service class code, and transaction type may be adjusted in certain circumstances to fit the needs of the reversal and the timing of when it’s being processed. However, the amount must always match the original entry, which is why it is the one characteristic that remains unchanged.

In the context of a filed reversal within the ACH network, the amount of the entry is typically one element that cannot be changed. A filed reversal is used to undo a preceding ACH entry, and the key purpose is to bring the same amount back to the original account, maintaining the integrity of the financial transaction.

When a reversal is processed, the system is designed to reverse the exact amount of the original transaction. This maintains consistency and ensures that the financial records accurately reflect the transactions as they occurred. Therefore, altering the amount during this reversal process would negate the purpose of reversing the entry.

On the other hand, elements such as the effective entry date, service class code, and transaction type may be adjusted in certain circumstances to fit the needs of the reversal and the timing of when it’s being processed. However, the amount must always match the original entry, which is why it is the one characteristic that remains unchanged.