SOLVED: The balance will be updated in the account

The balance will be updated in the account

When the part transaction is in entered status.

When the part transaction is in posted status.

Only when the transaction is in Verified status.

For debit leg the balance gets updated even if the transaction is in entered status whereas for credit legs the balance gets updated only when the transaction gets posted

Verified Answer

Correct Option - b

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The balance will be updated in the account

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